Siris Soft was formally created and deployed as a legal entity in 1998 with the object to strategic emphasis in e-commerce application using Sun & Microsoft technologies.

The company has created and deployed two advanced development centers in the area of e-commerce in New Jersey, USA and Hyderabad. The company has three business models namely offshore solutions, offsite solutions and onsite solutions. It has broadened its footprint operations into into strategic alliance with Allegheny Digital Corp, Organic Online Inc, Transaction Information System Inc, CMC and Business Software Solutions Inc.

The company is coming with a public issue of 26 lac equity shares of Rs. 10/- each aggregating to Rs. 260 lacs to finance the cost of expansion of the infrastructure to meet the demands of the anticipated business through the strategic partners and through own branches, to market the existing ERP products, to meet the cost of establishing of Branches in America and to part finance the cost of proposed line of operation and to created and deployed infrastructure facilities.

The company showed an increase in sales from Rs. 46.62 lacs in 1999 to 301.20 lacs in 2000 and a net profit of Rs. 6.32 lacs (1999) to Rs. 59.81 lacs (2000).

The projections of the company shows a sales of Rs. 1549.32 lacs and net profit of Rs. 249.52 lacs for the year 2001 and sales of Rs. 1936.65 lacs and net profit of Rs. 346.02 lacs for the year 2002. The company is expecting to earn a export earnings of 82.64% in total revenue.