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Magnasoft and FIT, France form strategic alliance
11 Apr 2003

Mutually beneficial partnership highlighting the increased relevance of GIS based tools

Magnasoft, a leading provider of end-to-end GIS solutions, today announced their strategic alliance with FIT of France, a leading GIS solutions firm.

This alliance enables FIT and Magnasoft to leverage complementary technology, project management skills and diverse domain expertise of the partners in Infrastructure, Real Estate, Urban Planning, Utility Networks, and Cadastral Information Management along with application development expertise to provide innovative, and comprehensive GIS solutions to customers.

The partners would collaborate in the areas of Application Development, GIS Consulting, Remote Sensing and Digital Mapping and would span segments such as Urban Planning, Utilities, Transportation, Water and Waste Water.

Magnasoft and FIT will target projects, not only in France but also in other countries of Europe, which is the second largest market in the world after the US. FIT currently has projects in Portugal, Hungary, U. K., Ireland, and Estonia. Magnasoft is executing projects in Europe, Australia and U.S. Both partners are already working together in the areas of land information systems for several towns in France and in other domains.

Eric Thalgott, President, Groupe FIT said "This alliance is the culmination of our past working over the last one year. We have been able to build a partnership based on trust and complementary competence. I believe, together with Magnasoft, we can take GIS Solutions to many new customers in Europe."

"Groupe FIT is a leading Infrastructure Consulting company with very deep and wide expertise in Infrastructure projects. It is a privilege for us to partner FIT for the European market. Magnasoft's growth strategy is based on the partnership model and we are fully committed to make this alliance a great success." said Mr. S. Sridhar, Managing Director of Magnasoft.

About FIT

FIT is a leading GIS Services company, based in France. FIT offers expertise for major development projects and has expertise in topography, Photogrammetry, Geomatics and land law. They have worked extensively on projects in the Water and Wastewater, Urban Planning, Utilities and Transportation sectors. FIT works closely with several organizations in France and Europe and some of their clients include Institute Geographic National of France, Ordnance Survey in U.K., Department of Defense in France, SNCF, the Railway and Subway company in France, Cadastral Mapping Institute, EDF-GDF Services, part of the large energy and gas company in France and EGIS, one of the largest Engineering Consultants in the world.

For further information please visit www.fit-topo.fr

About Magnasoft

Magnasoft is a focused GIS solutions company having strategic partnerships with industry leaders in the global space. Magnasoft's services range from application development to enterprise integration and consulting to data capture and conversion.

Incorporated in 2000 in Bangalore, India, Magnasoft has presence in the US, Europe and South Asia. Magnasoft has executed challenging GIS projects for prestigious Fortune 100 clients and government departments. Magnasoft is mentored by Global Technology Ventures, a premier venture capital company promoted by Bank of America Equity Partners, Nomura International and Sivan Securities, and managed by a team of highly experienced professionals.

For further information please visit www.magnasoft.com or email .

About Magnasoft

During the past decade, our economic reality has undergone a dramatic transformation and a fundamental shift. After years of economic expansion fueled by unrealistic rates of consumption and unsustainable levels of private debt, the global economy has reset at a lower baseline level of activity. Today, people borrow less, save more, and spend with much greater caution. This is the new normal and it will be with us for some time to come. The issue now is how to respond!!!

At Magnasoft, we look at this phenomenon as a transformation that will change the way we experience the world and share our experiences with others. It's a transformation in which the barriers between technologies will fall away so we can connect to people and information no matter where we are. It's a transformation where new innovations will shorten the path from inspiration to accomplishment.

Magnasoft combines the power of GIS, LiDAR, mapping, photogrammetry and other geospatial technologies with extensive subject matter expertise to implement powerful GIS solutions that integrate seamlessly with the IT framework of organizations. From GIS Data capture and GIS data development, GIS Application development, 3D laser scan data processing and modeling, Enterprise Integration and Photogrammetry - specializing in topographical, parcel and cadastral mapping, orthophoto generation and rectification, aerial triangulation, contour generation etc covering the complete terrain in GIS systems.

For years, we at Magnasoft have talked about how our services enable companies to do more with less. But during this economic reset, we strive to provide business leaders with the answer to a slightly different question: Can my company do more, with less?

Magnasoft Consulting is India's Smartest GIS Services provider established in 2000 & based out of Bangalore, India's Silicon Valley. Backed with a State of the art Infrastructure and an highly passionate and competent team we believe in creating a 'difference' in the world of GIS innovations. Our focus is on providing enable you to leverage adversities in your favor & gain definitive competitive differentials transforming your extended GIS team into a strategic asset that makes it possible to cut costs without crippling customer service or constraining workforce creativity and effectiveness. Our Emphasis has always been on 'Quality' and 'Process' enabling us to be a Great Business Partner to all our GIS Customers.

Please feel free to contact us anytime, we welcome your feedback and inquiries regarding GIS Data capture and GIS data development, GIS Application development, 3D laser scan data processing and modeling, Enterprise Integration and Photogrammetry - specializing in topographical, parcel and cadastral mapping, orthophoto generation and rectification, aerial triangulation, contour generation etc covering the complete terrain in GIS systems.

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