Compudyne Winfosys operates through three business units - Simureal (which is into multimedia solutions and designs), Winfodyne (software development) and Ace Winfosys (marketing and systems integration). However, the company's USP is multimedia. Notes an analyst with a Mumbai-based brokerage, ``Compudyne's multimedia projects have a low cost; this has helped the company bag a host of orders, especially from small and medium enterprises.'' This is reflected in Compudyne's results for the first nine months of fiscal 2000.

Revenue for the nine-month period ended December 1999, stood at Rs 3.17 crore - up 102 per cent from the full-year figure of Rs 1.57 crore in fiscal 1999. Similarly, net profit for the nine-month period at Rs 86 lakh is much higher than the full-figure of Rs 34 lakh achieved in FY 1999. Another positive for the company is its presence in Japan. A major portion of exports accrue from the island nation, where it has undertaken software projects including some on behalf of the Japanese Government. The Japanese government has reportedly made available 1 lakh sq ft of prime land in Japan to the company to set up a software development centre - a first for any Indian firm and a big plus for the company.

Compudyne Winfosys had tapped the market in June-July 1999 with a Rs 1.92 crore par issue. The issue was to part-finance the expansion of a 100 per cent export-oriented unit at the software technology park in Bangalore, to establish a development centre in Japan and to set up a front office in the US. The promoter holds 30.8 per cent of the post-issue capital of Rs 5 crore, while friends and relatives hold 30 per cent. For the full-year 2000, the company had projected a revenue of Rs 5 crore and a PAT of of Rs 81 lakh. However, that could well be surpassed. The company hopes to earn 50 per cent of its revenues from off-shore projects .