E-Generation is going to its own address

The board of directors of e-Generation, an IT consulting and software company listed on the stock exchange, has decided to buy commercial space for a permanent office. The company will buy the land with the money raised through initial public offering (IPO). The cost of the company will be 6 crore 1 lakh 31 thousand taka. And this money will be raised using IPO funds. On Tuesday, such information was found from the Dhaka Stock Exchange sources. According to the source, e-Generation will buy 'A and B' type (5,315 square feet) commercial space on the ninth floor of the Rangs Business Center in Kuril Badda. That also includes a 456 square feet car parking area. E-Generation sources told Digibangla that with the purchase of new space, it will be possible to reduce their operational cost by Tk 7 crore 20 lakh per annum. The monthly office rent at Tk 5 lakh 85 thousand, the amount sums up as Tk 7 crore 20 lakh per annum. And at this cost, they will get almost twice the size of the current office space. At the same time, 100 more staff will be recruited for the implementation of the forthcoming project and better services will be provided at the national level by setting up labs for research and development of emerging technologies. In addition to providing various software and application solutions, the company is playing a leading role in creating hospital management information systems, learning management systems, and virtual courts for hospitals. The company is also playing the role of consultant in various organizations on cyber security. E-Generation Chairman Ashraful Islam was earlier an Additional Secretary of ICT Department and Executive Director of Bangladesh Computer Council (BCC). Its founder is Shamim Ahsan, former president and managing director of BASIS.