TaraSpan and Wesley Clover Communication Solutions Record 147% Year over Year Revenue Growth

Market development services in India growing rapidly resulting in a 450% revenue growth over the past two years

OTTAWA, CANADA AND GURGAON, INDIA, May 10 /CNW/ - TaraSpan Inc. of Ottawa, Canada and Wesley Clover Communication Solutions Pvt Ltd of Gurgaon, India, leading providers of market entry and software development services for Canadian technology companies in India, today announced consolidated revenue growth of 147% for the fiscal year ending March 31, 2011.

Additionally, the companies disclosed a revenue growth trajectory over the past two years in excess of 450%. The continued appetite to introduce more Canadian technology products into the burgeoning Indian market has fueled this growth. TaraSpan and Wesley Clover Communication Solutions also announced a 50% increase of its employee base in India to over 100 people and a full-year operating profit.

"The phenomenal growth of our operations in India in FY2011, and the increased confidence and success of Canadian technology companies entering the market in India, is witness to the success of our business model", said Mike Manson, CEO of TaraSpan and Director of Wesley Clover Communication Solutions.  "Our outlook is strong; we continue to innovate and accelerate the growth of our operations in India through the expansion of best-in-class sales and service in support of our customers and partners across the region."

With increasing demand for Canadian technology products, the company grew its customer base to include some of India's largest telecom operators, IT and financial services companies.  Responding to this continued growth the companies expanded their Indian operations to include new facilities in Gurgaon and Pune and increased sales operations across India.

About TaraSpan Inc.
Canada-based TaraSpan accelerates and de-risks India market entry, software engineering and global support for emerging and established Canadian technology companies. TaraSpan, in conjunction with India-based Wesley Clover Communication Solutions, has created the Unlock India™ platform for delivering comprehensive India strategies for technology companies.
More information: www.taraspan.com  and www.wesleyclover.co.in

SOURCE Wesley Clover International

For further information:

Media & Analyst Contact:
Mike Manson, CEO TaraSpan Inc., mike.manson@taraspan.com
Canada mobile:  +1 613 265 1942
India mobile: +91 98 1866 4564

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Wesley Clover International

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