Millennium Move

Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company. Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company. The company has helped many stock exchanges go online including the one in Colombo.

“We seek different funds to grow these businesses. I am not 100 percent sure but they (investors) have committed and we are in the process of singing the agreements to get those funding,” Tony Weeresinghe, CEO, Millennium IT told LBR.

The company has had a previous round of funding from Venture capital firms some years ago.

Sources close to the company say one of the options being considered is to go public giving its current venture capital investors an exit route.
Company says profits have grown in the last few years but stopped short of giving earnings numbers.

However it sad profitability could top a billion rupees in 2 to 3 years.

The company’s CEO says they will be focusing on diversifying their product range now.

“We are offeri