Gemini Communications to acquire Clear Blue

Gemini Communication informed BSE that it has signed an agreement to acquire
entire share capital of Clear Blue. Clear Blue owns IPs and IPRs in the wireless
broadband space. With this acquisition Gemini will become the largest wireless
broadband company in South Asia.

Chennai-based Gemini Communication offers technology solutions in LAN/WAN,
Computer Telephony Integration (CTI), NetworkCARE Services, NetworkCARE
Products, wireless and telecom and RFID. Recently the company acquired US-based
PointRed Technologies, which has been funded by Acer Technology Venture America
to the tune of $9 million. This acquisition Gemini had projected its revenue to
Rs 200 crore for the current year.

The company has experience in the banking, insurance, stock exchange,
pharmaceuticals, trading and distribution, manufacturing and processing,
retailing, telecommunication and transportation sectors.

CYBERMEDIA NEWS