November 3, 2007

Vakrangee Softwares ties up with Kodak

Vakrangee Softwares Ltd has informed that the Company has entered into a strategic alliance with Eastman Kodak Company to offer mass customization & personalization of customer communication practices in India, Mr. Dinesh Nandwana, Chairman and Managing Director, Vakrangee Softwares Ltd., and Mr. Isidre Rosello, Vice President and General Manager, Inkjet Printing Solution. Graphic Communications Group, Eastman Kodak Company, signed the agreement granting Kodak Gold Plus accreditation status to Vakrangee Softwares Ltd formally forging this special relationship between the two Companies in India.

Vakrangee's state-of-the-art application solutions, coupled with Kodak's cuffing-edge technology will empower document intensive Companies like Banks, Insurance, Telecom, Retail & Power Distribution Companies to transform their customer communications practices such as bill invoices and statements, with Personalised text, graphics and colour that enable the transaction documents to act as powerful Personalised promotional documents at the sane time. Vakrangee's innovative software solutions will allow these Companies to automate the workflow to design, personalize, produce, deliver, archive and manage high volumes of customer communication statements in a print and web-enabled environment in a highly secured manner.

Vakrangee intends to invest more than Rs 200 crore in the coming months to build up the global Hub for meeting end-to-end Document Management Solution requirements of the transnational clients across the globe so that these clients can focus on their core business effectively and efficiently. The strategic alliance with Eastman Kodak, the
World Leader in this area, shall immensely help us in attaining this objective. The solutions from Vakrangee will enable the fast growing Retail, Telecom & BFSI Companies to transform their customer communications practices and retain their customers in a fiercely competitive environment. This market in India currently estimated to be more than Rs 5,000 core, which is growing at more than 40% per annum. Vakrangee shall have the first mover advantage to tap this market to the fullest and enhance the share holder value significantly.

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