Commenting on the JV Mr Aneesh Sen Vice-President Strategic Planning & Marketing Communication, Cyberspace Limited said "the final details are being worked out." He added that with this JV the company will gain a presence in Europe and will be able to target smaller financial services companies and private banks there. This JV, he said, propelled future growth plans in Europe that would be through mergers and acquisitions. The company expects the valuations of the companies shortlisted for acquisition to be in the range of about $10-15 million. Cyberspace with its customised services, high end skills and strategic long term alliance with global partners will look for companies well versed with Weblogic, Websphere, M Q Series, MPE (market place exchange). Besides this the company also plans to hive off its knowledge management division into a separate company in the next 60 days.

Mr Sen says "the reason for hiving off this division is that it has developed a tool called `Dynamind' which can operate on a stand alone basis, in terms of its business potential, opportunity of application and in terms of its revenue potential." This product is a unique knowledge management tool which uses ANN (artificial neural network) and AI (artificial intelligence).