Brainybrawn Announces AS Reduction and Strikes Deal with Microsoft India
October 29 2015 - 9:15AM
Access Wire
ALLENTOWN, PA / ACCESSWIRE / October 29, 2015 /
Brainybrawn, Inc. (PINKSHEETS: BRNW) is pleased to announce a
partnership with Microsoft India Private Limited, and a rollout of
proprietary software HEALTHLYNX at hospitals nationwide. The first
installation of SANVI HEALTHLYNX has successfully been completed at
the prestigious Indian hospital Tata Memorial, as well as 11
others. Microsoft India Private Limited will be handling marketing,
flow, distribution and delivery of SANVI's information management
system for the medical industry through Microsoft India Sales
Marketing and Services Group (SMSG). Through SMSG's existing
relationships in the medical industry they have shown the ongoing
value and systematic superiority of HEALTHLYX MD and RX to the
outdated systems many of the hospitals were using.
The rollout of the SANVI HEALTHLYNX information management
systems is ongoing and will continue for over 53 hospitals,
including some of the most renowned hospitals in India; AIIMS,
Apollo Hospitals, Fortis Hospitals, NIMHANS, and Tata Memorial
Hospital. Current hospital contracts gross up to US$9,250,000 in
annual reoccurring revenues for SANVI. Revenues are realized after
each system is installed and will gradually ramp up to the total
contracted number within the next three months. The current
partnership divides incoming revenues equally between SANVI and
Microsoft India Private Limited.
CEO Naresh Belwal said, "We couldn't be more pleased with the
speed and direction of our partnership with Microsoft India Private
Limited. Having an industry leader as a partner opens so many doors
for SANVI and puts us on the fast track for market penetration and
leadership in the near future."
HEALTHLYNX is a modular, integrated and complete out-patient,
in-patient, electronic medical record ("EMR"), inventory, employee,
supplies, finance, referral and business management solution for
hospitals and multi-specialty nursing homes; HEALTHLYNX RX is an
inventory, finance and business management solution for
pharmaceutical retailers and wholesalers.
The market for SANVI's medical information systems is expanding
significantly in India. According to a IBEF: The overall Indian
healthcare market today is worth US$ 100 billion and is expected to
grow to US$ 280 billion by 2020, a compound annual growth rate
(CAGR) of 22.9 per cent.
In other areas, the company directors have agreed to reduce the
authorized capital structure from 2,000,000,000 to 750,000,000.
This reduction gives the company an attractive capital structure
while at the same time leaving plenty of room for acquisitions and
company expansion. We will announce a formal update regarding this
matter in the near future.
Brainybrawn, Inc. is a software development & IT company,
participating in the diversified industries by providing integrated
and comprehensive information and business management solutions
through its wholly owned subsidiary Sanvi Infotech Private Limited
("SANVI") headquartered in India.
SANVI has launched suites of customizable and comprehensive
information management solutions for hospitals, doctors' offices,
clinics, and pharmacies in the healthcare sector; for schools,
colleges and medical colleges in the education sector; for hotels
and restaurants in the hospitality and for single and chain stores
in the retail sectors.
Microsoft India Private Limited is a subsidiary of American
software company Microsoft Corporation, headquartered in Hyderabad,
India the company has become a key IT partner of the Indian
government and industry, supporting and fueling the growth of the
local IT industry through its partner enablement programs.
This press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Exchange Act of 1934. These
forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views
and are based on certain assumptions. Actual results could differ
materially from the assumptions currently anticipated.
Contact:
Brainybrawn, Inc.
investorrelations@brainybrawn.com
SOURCE: Brainybrawn, Inc.