Encounter Development Technologies Inc. (ENTI)

[Smittle]

IPsoft Mulls IPO

Oct 16 12

IPsoft Incorporated is seeking to launch its initial public offering (IPO) within 24 months. Uday Chinta, IPsoft's India Managing Director, said IPsoft expects to clock $1 billion in revenue in a year and plans to go public within 24 months. He added, "We are very close to it ($1 billion in sales) and should cross that milestone in the next 12 months. We have started putting in place due diligence measures to ensure our internal processes and systems are ready for going public."

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30690112