The company is planning complete acquisition of V-Soft and Digihome Solutions. Last year, it picked up a stake in V-Soft and promoted Digihome, with equity contributions from its promoter directors.
"Monetising the company's intellectual property has started paying rich dividends and the company hopes to bag new business in Europe and the US, where it is already strong. We would consolidate in Europe and US rather than tapping other markets," said Mahesh Vaidya, director, Aftek Infosys.
Vaidya said there was no sum earmarked for the acquisitions. He said the requirement would depend on valuations of these companies at the time of acquisition. Acquisition of V-Soft will be over in a year, while that of Digihome Solutions will happen later, he added.
With monetisation of IP, Aftek can use it for other projects to leverage the technology. Some of the IPs are patented so that they can be for other products and other companies, Vaidya said.
Plans are afoot to take its subsidiary Seekport to the Alternative Investment Market of the London Stock Exchange in six months and get it listed on Nasdaq in 12 months, Vaidya said.
AIM is a leading market for small, growing companies. A unique advantage of AIM is that it offers the benefits of being traded on a public market, but within a regulatory environment designed specifically for smaller companies.
In Seekport, the company is developing Sepa (Search Engine based Performance Advertising), a tool that will help advertisers to place real time bids in the placement of ads. Sepa will also do research on peak time demands or most frequented sites, Vaidya said.
The company has changed its financial year from July -June to April-March. It registered sales of Rs 193.29 crore (Rs 1.93 billion) for the nine months ended 31 March 2006 compared with Rs 137.68 crore (Rs 1.37 billion) in the twelve months in 2005.
The respective net profit was Rs 64.30 crore (Rs 643 million) compared with Rs 48.3 crore (Rs 483 million) for the previous year.