ALLENTOWN, PA--(Marketwired - May 12, 2015) - Brainybrawn, Inc. (OTC PINK: BRNW) announced that its subsidiary Sanvi Infotech Pvt. Ltd (India) has recently installed the initial version of an order it received to develop a customized file and document management solution (Sanvi FDMS) for a prestigious university in the state of Uttrakhand, India.
Sanvi File and Document Management Solution (Sanvi FDMS) is a comprehensive application which tracks not only the flow of files and documents pertaining to creation and receipts of estimates, demands, and requisitions, and approval of issuances and more within and across the teaching faculty and administrative staff, but also facilitates communication between various departments and supports informed decision making at all levels within the university. The application will track flow of files and documents, and identify bottlenecks in approval processes involving important decisions and in issuance of purchase orders or tenders.
The Company believes that Sanvi FDMS may be useful beyond the education sector and intends to explore its applicability in business-offices and government sectors too.
The market for Brainybrawn's applications for the education sector is expanding significantly in India. According to a report, 'Education in India: Securing the demographic dividend,' by Grant Thornton, the primary and secondary education, or K-12, sector is expected to reach US$ 50 billion in 2015 from US$ 24.5 billion in 2008, growing at an estimated compound annual growth rate (CAGR) of 14 per cent.
About Brainybrawn, Inc.
Brainybrawn, Inc., through its subsidiary Sanvi Infotech Pvt. Ltd (India), develops customized web and windows applications and comprehensive solutions across a diversified range of industry segment and also assists retailers, and education, and hospitality providers, in India and elsewhere, by developing products and services to help support, and market their practices and businesses with innovative technology and business solutions such as office and business automation, ERP and comprehensive information management software.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
