Namtra Corp. Acquires eTaxPortal

RESTON, Va., Nov. 6 -- Namtra Business Solutions, a 2009 Deloitte 500 fastest growing company, today announced that its software division has completed the acquisition of eTaxPortal.

eTaxPortal is a Web based tax process automation solution for today's tax department. It provides a single gateway to commonly used tax tools. The key components of eTaxPortal include eTax Fileroom - Embedded Tax Document Repository; eTaxWorkflow - Embedded Tax Project Management; eTaxCalendar - Tax and non-tax obligation management for unlimited entities; eTaxDataCollector - Data Collection and Analytical reporting; Auditroom - Collaboration with External Auditors.

eTaxPortal provides a single platform of solutions that enable corporate tax functions to manage data efficiently and effectively while managing tax risk, and improving internal controls.

Leveraging the eTaxPortal, Tax Professionals can play a more strategic role within their organization and spend their valuable time to applying Tax best practices in their organization. eTaxPortal will help implement complete tax process automation and effective tax Management in their organization. It provides a full visibility over tax processes, enhance communications among stake holders and ease collaboration.

"eTaxPortal is an excellent fit with our 2010 business goals and objectives. We believe that it will help us achieve our aim towards providing our clients with high value software and services. eTaxPortal, which is currently a huge asset for some of world's largest corporations will also serve as a great tool for collaboration and information sharing in small and medium Tax and Accounting market," said Executive Vice President Khaja Syed.

"Our plan is to do meaningful investment in new software and services in the upcoming years," added Minhaj Khan, VP of Software Services.

"We are very excited about the prospects of expanding ourselves in Tax and Accounting technology, and are confident that with our decade of experience in providing innovative tax technology services we will provide high returns on investment to Tax and accounting professionals," said Mr. Syed.

About Namtra Corporation:

The mission of Namtra Corporation is to provide each of our customers with high-value services and software automation tools that will significantly reduce the costs of doing business. For over a decade we have been providing innovative technology transformation solutions that have helped companies achieve efficiencies and gain high return on their technology investments.

"We derive our competitive advantage from our diverse industry applications experience and ability to provide premium quality customized IT services at very reasonable prices and unmatched after sales service extended by our resourceful workforce. We have acquired an enormous wealth of domain knowledge and experience in meeting the unique challenges from our customers through undertaking projects of significant scale and complexity.

For Further Information visit us at www.etaxportal.com