Again Technologies Acquires India Development Firm.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Nov. 23, 1999-- Again Technologies, Inc., a premiere developer of variable and incentive pay solutions, today announced that it has acquired Software House, India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. , a development firm located in Madras Madras. 1 State and former province, India: see Tamil Nadu. 2 City, India: see Chennai. , India. Terms of the acquisition were not announced. The subsidiary company, to be called Again Technologies (India) Pvt. Ltd., will be the primary worldwide development center for Again Technologies. The company currently employs 17 developers and will grow to more than 40 developers by the end of the year. Again Technologies is the developer of CompSense, a software product that takes the pain out of managing variable pay. CompSense is utilized by leading U.S. consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and retail companies, technology firms, utilities and financial firms to accurately and quickly pay employees whose compensation varies. Customers use Again Technologies' solutions to calculate individual and team-based sales commissions, pay quarterly and yearly performance bonuses, and track and pay a variety of other variable or incentive compensation. The subsidiary company has provided development services to Again Technologies for the past three years and offers a significant reserve of business and technical knowledge in the variable pay applications marketplace. "Bringing this subsidiary company into our fold is a critical component of our fast-track fast track n. Informal The quickest and most direct route to achievement of a goal, as in competing for professional advancement: "Making complaints against the public is hardly the fast track to elective office" development plans," said Again Technologies CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gopi Mattel. "We are utilizing the subsidiary to implement a 24-hour continuous development cycle, with development and preliminary quality assurance in India, and secondary quality assurance, product release planning, product management and corporate marketing in San Mateo." "The subsidiary provides a strategic advantage in scalability of our development operation and in our ability to shrink shrink Vox populi noun A psychiatrist product development cycles," Mattel added. About Again Technologies Founded in 1995, Again Technologies provides complete software solutions to take the pain out of variable pay. Customers include ALARIS Medical Systems, PacifiCorp, and Wilsons, The Leather Experts. More than seventy percent of companies in the U.S. utilize variable pay for commissions and performance or incentive compensation. Backed by venture capital firm Artemis Ventures, Again Technologies delivers flexible, scalable solutions, enabling companies to quickly and accurately pay employees whose compensation varies. Named a Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: 'Ten to Watch' company, Again Technologies is privately held, with headquarters in San Mateo, Calif. For more information, visit Again Technologies' Web site at www.againtech.com. |
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