Genisys Software is part of the NRI $75 million Genisys group whichcomprises three companies that also include hardware networking companyWentworth Computer Holdings and recruiting firm Gen.com - all based in theUK.

Last year, Genisys was planning the listing by Q3 2001 (either on Nasdaq orLSE) following the commencement of its US operations. Since the USoperations became operational only after May 2000, the listing has beenmoved to the following year.

Speaking to The Financial Express, Genisys Group chairman Ashok J Rabheru(also a UK-based industrialist) said the listing was planned for 2002, andthe funds raised would be diverted towards acquisitions and expansion.As for the acquisitions, the company has marked out approximately $200million for the planned acquisition of a consultancy firm and companies withintellectual properties primarily in the Europe market.

"The minimum size of the float is expected to be $500 million. On theacquisition front, we are only on the lookout for companies which will costus at least $100 million. This way we can ensure that we acquire afull-fledged and established business that will fit into Genisys' overallgame plan," Mr Rabheru said.

Genisys is also in the process of expanding its board from the existingthree members to 10 people. "We are bringing on board well known people fromthe IT industry. Formal announcements will be made shortly," he said.And according to Mr Rabheru, the board members have been handpickedindividually and two of the members join after having run companies withrevenues of $7 billion and $4 billion respectively.