CNET Software Technologies Plc launched a software development, integration, cloud computing and research center at the ICT Village in Bole Lemi with a total investment of 480 million Br.
The venture was officially kicked off on March 3, 2017, at a ceremony presided over by Debretsion Gebremichael (PhD), the minister of Communication and Information Technology.
The center aspires to develop and integrate different software, including Point of Sale (PoS) and Enterprise and Resource Planning (ERP), which is a business management software which enables organizations to collect, store, manage and interpret data from business activities.
The center will be made up of four buildings on 8,000 sqm of land. It will have the capacity to develop 18 types of module software, rising from the eight current types of module software the company produces.
When construction is completed and the center is operational, it will create job opportunities for 1,100 people. The project will be constructed in three phases, according to Beminet Demissie, managing director of CNET.
“After the completion of the construction the company will contribute its part in the advancement of the ICT sector of the country,” said Beminet.
In his opening remarks, Debretsion noted the effort would help the country retain foreign currency that is now used to purchase software from abroad.
According to data from the Ethiopian Revenue and Customs Authority (ERCA), during 2016, the country spent a quarter of a billion Birr on software imports. The United States, India, China, and Germany are Ethiopia’s major software suppliers. Most of the organizations that use software such as ERP and PoS awarded the projects to international IT suppliers such as Oracle Technology Network and Sab Technologies, who work in Ethiopia through local partners.
CNET was founded in 2004 and has been developing and integrating ERP and PoS software systems for the last 14 years for different business enterprises. It has nine branches working in different parts of the country with 250 employees.
With its current capacity, CNET has developed eight module software and makes 65 hardware integration. Since its establishment, CNET has provided system solution to 12,000 business institutions. The company’s turnover last year was 35million Br.
The software products that the Company produces includes warehouse and logistics management systems, human resource management system and attendance and payroll systems for companies. The Company recently began piloting a server-based ERP software named CNET ERP Version 6 which took two years to design.
The new center will join the 20 companies at the ICT Village currently working on information and communications technology.
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