SoftTech Engineers Limited — Regulatory Filings 2018

Dec 24, 2018

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Media Release

SoftTech Engineers Limited Bags prestigious order of ~ INR 17 Crore from Municipal Administration Department, Govt. of Andhra Pradesh for Works & Projects Management and Monitoring Application

24 Dec 2018: SoftTech Engineers Limited, a software product innovation company which caters to the Architecture, Engineering and Construction (“AEC”) verticals has bagged a prestigious order to configure, customize, integrate, implement and maintain the works and projects management and monitoring application from the Municipal Administration Department of Andhra Pradesh state. The order value of this project is Rs 16.78 crore. The Contract period for this project is approximately 3 years.

The project will be completed under the guidance of Director of Municipal Administration Department and Principal Secretary, Municipal Administration and Urban Development Department. The aim of this project is to computerize the processes of construction works management carried out by various engineering departments of state of Andhra Pradesh.

Currently most of the processes for works management such as Tendering & Contract Management, Rate Analysis, Detail Cost Estimation, Approvals & Sanctions, Project Execution and Monitoring, Billing etc. are done manually. All these processes will now be done through an online integrated system which could be accessed through web as well as mobile app.

SoftTech’s proprietary COTS (Commercial Off The Shelf) software product PWIMS™ shall be customized and implemented for this project.

The Public Works Information Management System (PWIMS™) is a web and mobile app based commercial-off-the-shelf (COTS) application for managing all the core functional processes across the project lifecycle including budgets, estimations, approval, e-tendering, contract management, monitoring and billing.

Company Overview

SoftTech Engineers Ltd. empowers business transformation through software products and solutions that are built on deep domain expertise. Being a leading software product Company in the Architecture, Engineering and Construction (AEC) space for more than 20 years, the Company has delivered path breaking products and solutions which differentiates them in the industry.

Company’s niche and specialized product list includes:

• AutoDCR®: Automated CAD-based building plan scrutiny and approval process – AutoDCR® brings absolute transparency in getting approvals from various government bodies. It is seamlessly integrated to an online approval workflow to monitor the approval process with associated document scrutiny

• OPTICON™: It an integrated web-based ERP software that is extremely useful for all constructions and real estate companies. It is an all-in-one-solution that maps out the necessary business functions for construction enterprises, such as bidding, cost estimation, project management, accounting, plant and machinery, client billing, subcontractor management, sales, CRM and HR & Payroll

The Company is focused on software for the construction industry and has serviced over 4,500 clients in India and across the world. The Company is continually focused on improving and delivering high-quality solutions through dedicated, proactive market research and developmental efforts.

For more details please visit: For further information please contact: www.softtech-engr.com

Company:SoftTech Engineers LimitedMs. Aishwarya PatwardhanCompany SecretaryE-mail:aishwaryap@softtech-engr.com	Investor Relations:Bridge Investor Relations Pvt. Ltd.Ms. Savli Mangle/Ms. Aesha ShahEmail: savli@bridge-ir.com/ aesha@bridge-ir.com

Note: Certain statements in this document may be forward-looking statements. Such forwardlooking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.