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VisualSoft launches euro conversion tool

This comes immediately after the success of its packaged Y2K tool, VisualShift.

The Hyderabad-based firm is on the verge of finalising a tie-up with an

T O D A Y

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European information technology major that would take up the distribution and after-sales support for the new product, VisualSoft CMD DVS Raju said.

Refusing to divulge the European company's name, Raju, however, said the tie-up would go beyond mere distribution and include development and value addition to the product unlike its association with the US-based Platinum Technologies for VisualShift.

VisualSoft is the first local company to launch a packaged software product in the US market with estimated sales touching one million units this month. The company expects to rake in between Rs 150 million to Rs 200 million from the product during its expected 15-month lifespan.

While companies have been working towards providing Y2K solutions mostly on legacy systems, VisualShift is perhaps the first product which addresses the problem for a variety of desktop and client-server applications like spreadsheets, databases, Visual Basic programmes and others for PC users.

This perhaps explains the product's success considering it is directed towards the 60 million PCs used for business purposes across the world apart from the mainframe market.

The two put together are estimated to provide a potential business worth $600 billion until 2000.

However, unlike the Y2K fix, the much smaller euro conversion market, put at $300 billion, is more complex and could need much greater services support.

VisualSoft has developed a proprietary 'Euro Methodology' for helping clients for smooth transformation of their business systems to comply with EMU standards within the schedule and budgets.

It has developed eight components and sold them to several European companies.

- Compiled from the Indian media

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