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Home > Company Index > Computer Software & Services > Information Technology Consulting Services & Maintenance > Silverline Technologies Ltd.

Silverline Technologies Ltd.
NYSE: SLT
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 NEWS FROM THE WIRES
Silverlinesays SeraNova buy may cost more
Jul 18 2001 01:30 AM PDT

Silverline creates CEO office, names co-CEO
Jul 12 2001 12:14 PM PDT

More WIRE STORIES about this company

 PROFILE
Silverline Technologies hopes there's a pot of gold at the end of the information technology rainbow. The company offers software development and integration services (including mainframe data migration and maintenance) through development centers in the US and India. Silverline targets financial services (about 60% of sales), telecom, and manufacturing clients, including First Data, Goldman Sachs, General Motors, and Lucent Technologies. Silverline (the first Indian company to be listed on the New York Stock Exchange) continues to expand its US presence, including its 2001 acquisition of consulting firm SeraNova. Brothers Ravi (chairman) and Krishna (VC) Subramanian own 30% and 47% of Silverline, respectively.

 COMPETITION
Infosys Technologies Limited (INFY)
Satyam Computer Services Ltd. (SAY)
Wipro Corporation (WIT)

 DEALS
Deal: TIS Worldwide Raises $23 Million
Date Announced: 11.20.00
Value of transaction (US $Mil): 23
Description: Business application integrator raises equity funding from venture firms and corporate investors.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 141.60
1-Yr. Sales Growth: 61.6%
Employees: 2,600
Revenue per employee: $54,461.54

 KEY PEOPLE
• Shankar Iyer
    CEO
• Venkatachalam K. Murthy
    CFO

 CONTACT INFO
Unit 121, SDF IV, SEEPZ, Andheri
Mumbai 400096, India
Phone: 91-22-829-1950
Fax: 91-22-829-0199
Online: Web Site

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