The Economic Times :
30 June 2000 .

Chennai-based Eonour Software is in the advanced stage of finalizing the fund arrangement for acquiring a US company involved in e-com consulting.

Eonour is in negotiations with a big fund in Europe and some private groups and high net worth individuals for funds. The deal is expected to be a cash-stock transaction and the company hopes to complete the acquisition in another four months. The new company is expected to bring Eonour instant access to a big clientele.

The company is also in the process of acquiring a Mumbai-based company involved in telecom and automation software.

Eonour Software has informed the Madras Stock Exchange (MSE) that it proposes to place its equity shares on a preferential basis up to 12 crore.

Mr. R. Karthik, CEO, Eonour Software says growth through acquisitions might be a costlier route but it helps the company in getting good valuations from investors, apart from saving valuable time.

Eonour software was previously known as Mikagura Software, before Mr. Karthik took over this Indore-based company and renamed it with a strong focus on overseas revenues. The company is gung-ho about its prospects in the US and south -east Asia especially Korea and Singapore. The company is also planning to open overseas offices in US, UK and Hong Kong and hopes to garner 90 per cent of its total revenue from overseas.

The company is involved in providing B2B e-commerce solutions after conducting a business process re-engineering, thus enabling a customer-specific solution. The company also provides Web-based security solutions and security audit. The company has been using its domain expertise in the area of supply chain management and has also developed a dealer network automation (DNA) product. DNA is a product used in any dealership oriented industry, linking the dealers with the production center.

Eonour has been focusing on the automobile industry, implementing dealer automation for Hero Honda, Kinetic, Honda Siel and M&M and plans to use these prestigious projects to leverage orders from overseas. Eonour's subsidiary eonour.com plans to be an "ASP on the Web," according to Mr. Karthik. The site enables small & medium enterprises (SMEs) to start its business on the Web by providing facilities such as website creation, product listing, business listing apart from sales and account packages free of cost on the Net.

For further details please contact:info@eonour.com