TaraSpan Inc. and TaraSpan Solutions Pvt. Ltd. Record 62% Year over Year Revenue Growth

Market development services in India growing rapidly resulting in a 276% revenue growth over the past two years

OTTAWA, Canada and GURGAON, India, June 26, 2012 /CNW/ - TaraSpan Inc. of Ottawa, Canada and TaraSpan Solutions Pvt Ltd of GURGAON, INDIA, leading providers of market entry and software product development services for Canadian technology companies in India, today announced consolidated revenue growth of 62% for the fiscal year ending March 31, 2012 and of 276% over the last two fiscal years.

The rapidly growing Indian market appetite for Canadian technology products fuelled this growth.  Operating income of 15% and cash positive operations were evidence of healthy market conditions for Canadian providers of leading edge technology products.

"We continue to realize phenomenal growth in our operations in India and in our Canadian customer base", said Mike Manson, CEO of TaraSpan.  "This past year saw new customers across Canada, the launch of our Cleantech practice focused on market entry into India for Canadian Cleantech companies; and, a significant increase in all areas of our business in India."

About TaraSpan
Canada and India-based TaraSpan accelerates and de-risks India market entry, software engineering and global support for emerging and established Canadian technology companies. TaraSpan has created the Unlock India™ platform for delivering comprehensive India strategies for technology companies.
More information: www.taraspan.com

SOURCE TaraSpan

For further information:

Media & Analyst Contact:
Jaswinder Kaur, TaraSpan Inc., jaswinder.kaur@taraspan.com
Canada:  +1 613 265 7556
India: +91 98 1035 9243

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