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Helios & Matheson Information Technology (HELIOS) offers a suite of software services spanning the entire application lifecycle with flexible delivery options. It was originally incorporated in 1991 as Express Financial Exchange, a private limited company, became a public limited company on Sep. 5, 1995 and got its present name in May 1999. The company is a part of the Helio & Matheson group, which also includes Helios & Matheson North America Inc., The Laxmi Group, and Maruthi Infotech in USA, Helios & Matheson in Singapore and Helios & Matheson Bangalore IT in India. The range of services include application management services, application outsourcing, ITES-BPO services, project management services, public sector services, enterprise security, education info systems, and maritime practice. Headquartered in Chennai, it has offices and subsidiaries in USA, Singapore and India. In FY07, facilities were expanded at Mahindra World City in Chennai and at the competency centers in California, New York and New Jersey. The company has made strategic acquisitions of infotech companies in USA, UK, Canada, Singapore and India including US-based Maruthi Info Tech and the Chennai-based Jayamaruthi Software Systems. Early in 2007, it acquired a controlling stake in TACT Inc, USA, strengthening its healthcare presence. Other subsidiaries include The Laxmi Group Inc., CA, USA; Maruti Consulting, CA, USA; Hetios & Matheson North America; Jayamaruti Software Systems, Chennai, India; and Helios & Matheson Bangalore, India. Catering to the vertical segments of banking, finance, insurance, manufacturing, healthcare, entertainment, knowledge industries, software, utilities and energy, logistics and transportation, retail and wholesale distribution, electronics and communications, over time the company has built a strong USA and European presence with clients among the Global 2000 corporations. The company signed an equity commitment letter with its foreign subsidiary, Helios & Matheson North America, USA, (HMNA) for investment of up to USD 1.25 million in the common stock of HMNA. The registered office is located at Cybervale 02-01, Tech Park SEZ Mahindra World, Chennai-603002.