Eading software solutions company, Octaware Technologies signs MoU with Golubica Parking d.o.o.
Mumbai, March 6th, 2018: Octaware Technologies Limited (BSE – 540416), a leading software development, enterprise solutions and consulting firm, is pleased to announce that they have signed a Memorandum of Understanding (MoU) with a Croatian firm, Golubica Parking d.o.o., Zagreb, for the establishment of a joint venture between the two companies, to be operational under the name, Octaware Europe. The JV has been signed, currently, for a period of five years, with a view of expanding Octaware’s global operations.
The 50:50partnership between Octaware and Golubica, will help augment and expandbusiness for Octaware’s key products & solutions, across verticals likehealthcare, finance, and government. Some of the key products &solutions that Octaware will look to offer, through the JV are PowerERM,iOnAsset, Hospice, CloudERP, RealWin, Life2Care, eQuire (Office Automation,eProcurement), eDocNet etc. The joint venture will also bring in InnovativeSoftware Solutions from the European market into India.
Commenting on the development, Mr. Aslam Khan,Chief Executive Officer, Octaware Technologies Limited, said, “We are glad about the joint venture,as it marks the entry of Octaware into the relatively untapped Eastern Europemarket, and eventually the main European market. Octaware will jointly workwith Golubica Parking to develop an online marketplace and a platform forparking solution for the Croatian market. Our partnership will also help inbringing Innovative Software Solutions from the European market into India. Weare excited to partner with them, as we focus our combined energies serving abroader range of customers, with industry-leading products and solutions,riding on the back of opportunities presented to IT firms, post BREXIT.”
Speaking about the joint venture, Mr. NevenSardelic, Director, Golubica Parking d.o.o., Zagreb, said, "Our partnership with OctawareTechnologies is a concrete step in our business journey to further build on oursolid foundation and would help us in achieving the goal of offeringcomprehensive products & solutions, across critical domains like healthcare,finance & government. This joint venture will inc