History of Hewlett-Packard Globalsoft Ltd.
1988
- The Comp. was incorporated on 20th January, & the Certificate of Commencement of Business was obtained on 19th February. It was promoted by Digital Equipment [Holdingss] B. V. & Hinditron group of Companies, namely, Hinditron Services Private Ltd., Hinditron Computers Private, Ltd., Hinditron Equipments Manufacturing Comp. Private Ltd. and Boston Management Consultants Private, Ltd.
- The Comp. manufacture & design micro, mini & main frame computers, design & development of application & systems software for the local & international market. The Comp. also acts as canvassing representative of Digital Equipment Corporation, U.S.A., its subsidiaries & affiliates & provide support services and consultancy for Digital clients in India.
- The Comp. entered into a technology licence agreement with Digital Equipment B.V. of U.S.A. for technical data & technical know-how relating to the manufacture, service & maintenance of micro VAX II.
- The Company primary project is the manufacture of diel VAX II range of computers based on the technology used in the manufacture of Digital micro VAX series of computers.
- Apart from the manufacturing activity, the Company project also covers the promotion of Digital products in India, & the development of software for domestic & export markets & the provision of a large variety of computer related services in the country. A software development centre was also established in Mumbai.
- The Central education facility was set up at Bangalore to train users on developing solutions for their needs.
- 1,50,000 shares subscribed for by promoters, directors etc. 2,23,50,000 shares were then issued at par out of which 89,40,000 shares to Digital Equipment [Holdingss] B. V. & 66,60,000 shares to Hinditron Services Pvt. Ltd., Hinditron Computers Pvt. Ltd., Hinditron Equipments Mfg. Co. Pvt. limited & Boston Management Consultants Pvt. Ltd., their directors, friends, etc. were reserved & allotted on a firm basis.
- Out of remaining 67,50,000 shares, 11,25,000 shares were reserved for preferrential allotment to employees [including Indian working directorss] of Comp. & those of Hinditron group companies [only 1,33,500 shares taken ups]. The balance 56,25,000 shares alongwith 9,91,500 shares not taken up by employees, were offered for public subscription during February 1989.
- Additional 9,68,200 shares were allotted to retain oversubscription [7,17,200 shares to Digital Equipment [Holdingss] B. V. 2,51,200 shares to Hinditron group companies & 6,75,000 shares to the publics].
1989
- VAX 3400 & VAX 3420 computer systems were introduced to meet the needs of large business & technical organisations.
- The Comp. issued 18,57,500-14% non-convertible debentures of Rs 100 each to the general public. Only 2,690 debentures were taken up and the remaining 18,54,810 debentures devolved on the underwriters.
- As per the terms of issue, these debentures are redeemable in three equal instalments of Rs 35 each at the end of 6th, 7th & 8th year from the allotment date, with a premium of Rs 5 being included in the last instalment.
1990
- The Comp. added to its range VAX 4000 model 300, a powerful system giving mainframe like performance in a compact size tying together the departmental computers consisting of VMS, UNIX, PCS/ workstations into one Cohesive Integrated system.
- Digital Network Application Support, a revolutionary concept meant to make fully compatible multivendor computing environment a reality, was also introduced.
1991
- Digital Risc System 5100 family & midrange VAX 4200 systems were introduced.
- The Comp. proposed to issue 24,14,320 No. of equity share of Rs 10 each at a premium of Rs 10 per share in the proportion of 1:10 [all were taken ups].
- Another 1,10,000 No. of equity shares of Rs 10 each at a premium of Rs 10 per share were to be offered to the employees of Company. [Only 1,03,000 shares were taken ups].
- In addition, 60,76,480 No. of equity shares of Rs 10 each at a premium of Rs 10 per share were to be issued to Digital Equipment [Holdingss] B. V. The Netherlands [Collaboratorss] to enable them to increase their shareholding in the Comp. to 51% of paid-up capital. [Only 60,69,480 shares were allotteds].
1992
- Alpha AXP technology & personal computing system were introduced to meet the need of corporate, technical, industrial & commercial organisations. To set up exports, the Comp. had set up an export oriented unit under the Software Technology Park Scheme at Bangalore.
1993
- Digital Equipment Export [Indias], limited was a wholly owned subsidiary of the Company. Digital Equipment Export [Indias] limited was merged with the Comp. with effect from 4th July. Accordingly it is ceased to be a subsidiary of company.
- 85,86,800 No. of equity shares at a premium of Rs 10 per share allotted to the shareholders in prop. 1:10.
1997
- The Comp. had launched the Hi Note Ultra 2000, the world Thinnest Notebook with largest screen.
1998
- With effect from June 11th, Holding Comp. Digital Equipment Corporation U.S.A. was merged with Compaq Computer Corporation U.S.A. Consequent to this, Comp. has become part of Compaq world-wide organisation.
- Digital Equipment Corporation will set up its second Telecom Development Centre for software in Bangalore to provide focus in the areas of Network Management, SS7, Advanced Intelligent Network and Fraud Management.
- Digital Equipment has introduced the Alpha 21264 family, a new generation of 64 bit Alpha architecture that will break the Giga Hertz [1,000 MHzs] speed barrier.
- Digital set up a manufacturing facility in Bangalore, again a first for a multinational hardware company. This plant was also the first country specific manufacturing plant for DEC, its other plants being region specific.
- Digital Equipment [Indias], which became part of Compaq Computer Corporation recently, has introduced a voluntary retirement scheme [VRSs] for its employees in a move to cut down excess workforce.
1999
- Digital Equipment India Ltd [DEILs], the Compaq-owned information technology firm is planning to focus only on its software operations and exit from its hardware business completely.
- The global merger of Digital with Compaq was announced in January 1998 but the two Indian companies - Digital Equipment & Compaq India, a subsidiary of Compaq Corporation - continued as separate entities.
- The global merger of Digital with Compaq in June 1998, Compaq Computer Corporation became the parent Comp. of Digital India.
- The restructuring would make Digital India the country largest listed multinational software & services export company.
2000
- The Comp. will set up its own software technology park in Electronic City.
- The Comp. signed a memorandum of understanding that will enable the latter to set up a dedicated support center for Nortel Networks Professional Services Organization.
- Computer Software firm Digital Equipment [Indias] Ltd had signed an agreement with Canadian telecom equipment firm Nortel Networks to set up a dedicated support centre for Nortel.
- Digital Equipment [Indias] limited will replace Bank of India limited in the S and P CNX Nifty from September 4.
- The Comp. has appointed Ms. T.S. Ushasri as Chief Technology Officer.
- The Comp. has established an Operation Solutions Center for telecomcarriers on Noral Networks' PRESIDE platform.,
- Digital Equipment is planning to issue 16.36 lakh shares under its employee stock options plan, & is toying with the idea of listing its shares overseas through an ADR issue at an opportune time.
2001
-Digital Equipment reported a 3-fold rise in the quarter 3 net profit in comparison to the year earlier.
-Anglo-Dutch Consumer products group Unilever picked up Digital Equipment[Indias] to provide offshore services for desktop software packaging.
-Digital Equipment India Limited has created a proof of Concept Centre [a technology incubation units] which will play a decisive role in selecting the technologies that Digital will invest in.
-The parent Comp. of Digital that is Compaq is acquired by Hewlett-packard.
-Digital Globalsoft records a 16% rise in the net profit.
-Digital Globalsoft completes its acquisition of compaq Electronic Archive, an electronic information lifecycle management product which provides users with archiving solution for storage & retrieval of critical information.
-Alliance Capital builds up the substantial stake in Digital Globalsoft by acquirin more that 5% of its equity through open market research.
2002
- Digital GlobalSoft Ltd has announced that Mr. Peter A Mercury has been appointed as Chairman & Non-Retiring Director with effect from January 04, 2002. The said appointment is in place of Mr. Jeffrey Lynn.
- Digital GlobalSoft Ltd has informed that Mr Mahendra Patel has been appointed as an Alternate Director to Mr Richard Marcello for the Board Meeting & Committee Meetings held on January 16, 2002.
-Digital Globalsoft Ltd has informed that Mr NVP Tendulkar was appointed as an Alternate Director to Mr Randy Burdick for Board Meeting and Committee Meeting held on March 29, 2002.
-Digital Globalsoft Ltd has informed that:1. Mr. Rene Schuster was appointed as alternate Director to Mr. Randy Burdick for Board Meeting, Committee meeting & AGM held on July 23, 2002.2. Dr. Mahendra Patel was appointed as alternate director to Mr. Richard for Board meeting, Committee meeting & AGM held on July 23, 2002.3. Mr. Richard Fricchione was re-appointed as Director at the AGM held on July 23, 2002.4. Mr. Ravi Parthasarathy was re-appointed as Director at the AGM held on July 23, 2002.
-Digital GlobalSoft Ltd has informed BSE that at its meeting held on October 28, 2002 the following changes in the Board of Directors have taken place: Mr Kasper Rorsted was appointed as an Additional Director. Mr Richard Marcello resigned as Director. Mr Rene Schuster was appointed as Director in the casual vacancy arising out of resignation of Mr. Richard Marcello. Mr Randy Burdick resigned as Director. Mr Craig Flower was appointed as Director in the casual vacancy arising out of resignation of Mr. Randy Burdick.
-Digital Globalsoft Ltd has informed BSE that Mr James J Connor has been appointed as an Alternate Director to Mr Kasper Rorsted for Board Meeting and Committee Meeting held on ctober 28, 2002.
2003
-Digial Globalsoft alloted 10,950 equity shares of Rs 10 each to its employees of the Comp. who have exercised their options under the company's Employee Stock Option Scheme.
-Digital Globalsoft has registered a growth of 14% in the net profit at Rs. 106cr as compared to the last fiscal year.
-Digital India signed with its parent Comp. HP to combine with HP services 'India softwareOrganization [HPS ISOs].
-Digital India has reported the change in the directors of Board as Mr.Bob Mulkey & Mr.Dave Kristof have been appointed as additional Directors in place of Mr. Kasper Rorsted & Mr.Craig D Flower.
-Allotted 20,550 equity shares of Rs 10 each to the employees who have exercised their options under the Company Employee Stock Option Plan.
- Ahmedabad Stock Exchange has approved delisting of equity shares of company.
-Company has granted 2000 Stock Options to its employees under Employee Stock Option Plan of Company.
-Receives Formal proposal from Hewlett - Packard to make delisting offer
2004
-Digital Globalsoft Ltd has informed that on January 6, 2004 the Comp. has allotted 63,075 equity shares of Rs 10/- each to the employees who have exercised their options under the Company Employee Stock Option Plan. With these allotments current paid up capital of Comp. will be Rs 330,776,430.
-Merill Lynch Capital Market Espana SA SV acquires 89,177 [0.26%s] shares on January 7, 2004 through Secondary Market Purchase, increases its stake in the Comp. to 1,743,709 shares [5.22% of equity capital of companys]
-ICICI Securities Limited has informed regarding the acceptance of Exit Price for delisting of equity shares of Digital Globalsoft Limited [the Companys] determined in accordance with the provisions of Securities & Exchange Board of India [Delisting of Securitiess] Guidelines, 2003 [the Guideliness]. The 'Exit Price' established by book-build process in accordance with the guidelines [being the price at which the largest number of shares was tendereds] is Rs.850 per share.
-Gets BS15000-IT Service Management certification under the itSMF certification scheme
-The details are as follows: Mr. Som Mittal, Managing Director has acquired 105,000 shares amounting to 0.31% of paid up capital of Comp. & the total shareholding after the acquisition is 105,000 shares amounting to 0.31% of paid up capital of company.
