Cricket Fantasy to be game-changer Intelsoft

Hyderabad Integra Telecommunication & Software Limited (Intelsoft), an end-to-end an IT/ gaming solutions provider has announced that the company is all set to launch a niche game platform -Cricket Fantasy. The Beta version launch of the product is slated for March 2022.

The company formally has said in a statement to the BSE about the launch.

The valuations of the new product in the portfolio are expected to be reflected in the first quarter of 2022.The company expects this to be a game-changer due to its high demand, high potential and high margins in the product offering. This would put Intelsoft, small cap company, in a higher realm, thus empowering it to compete with large companies such as Nazara whose market capital is Rs 8,000cr.

Intelsoft's solution offerings range from desktops, data security and help-desk support, through to servers, backups, to network administration and much more.

The company has plans to raise Rs 50cr for the development and new product/service marketing purposes to infuse momentum for deeper market penetration.

Earlier, the company had approved the proposal to receive investment from Foreign Institutional Investor (FII), and for the upgradation of the company's product software.