Fourth Generation Information Systems Ltd

History of Fourth Generation Information Systems Ltd

Fourth Generation Information Systems Limited (FGIS) was incorporated as a Private Limited Company on August 21, 1998 and converted into a Public Limited Company on March 10, 2000. Company is engaged in the Business of Hardware and Software Product development, consulting, technology services and outsourcing company. It provide software solutions for the United States healthcare industry. It also offer medical transcription activities. FGIS offers a powerful suite of Products & solutions to help companies manage spend so that expenses fall faster than revenues in down times, and grow more slowly than revenues in up times. Since its founding in 2000, the Company has been focusing on latest technology for industry specific vertical products and solution whose rate of interest (ROI) is very high. Its continuous effort in providing easy-to-implement, robust for proven cost savings and return on investment resulted in a wide range of simple yet comprehensive products and small business solutions. The Company use investment in research to help create, commercialize and disseminate innovative business strategies and technology to develop market-ready solutions. Their research and innovation program is designed to generate early insights into how knowledge can be harnessed to create innovative business solutions and to develop business strategies with significant value. With deep industry and business process expertise and a proven track record, FGIS mobilize the right people, ...skills, and technologies to help clients improve their performance. The company entered into an MoU with three US based firms, namely Intra Link Info Systems Inc, Intra Link Health Systems Inc, IT Connections Inc for marketing the company's products and services in the US markets. During the year 2003-04, the company invested 50% of the total share capital in the shares of Net Soft Technologies Inc, USA as a joint venture. During the financial year 2009-10, the Company could not perform well due to some reasons which were beyond the control of management and also due to financial constraints. The business trends in the field software development are slow down due to machine automation and artificial intelligence. The new technological evolution is taking place, the phase of software industry is transforming into hardware specific software. As hand held device oriented software is picking up due to volume users. Emerging of technologies also gives opportunities for growth. FGIS Solutions helps enterprises achieve this by working with them to develop, maintain, and manage their enterprise's application systems.