Brainybrawn, Inc. Expands Product Range in the Education Market
Company Awarded Contract for Sanvi IFMA, Its Integrated Fee Management Application
ALLENTOWN, PA--(Marketwired - Sep 10, 2014) - Brainybrawn, Inc. (PINKSHEETS: BRNW) announced that its subsidiary, Sanvi Infotech Pvt. Ltd (India), has recently received an order to customize an integrated fee management application (Sanvi IFMA) for a prestigious school just outside of Delhi, India.
Sanvi Integrated Fee Management Application (Sanvi IFMA) is a customized application which, upon completion, will not only maintain fee details of a large educational outfit but also, because of its integration with Sanvi Fee Reconciliation Application (Sanvi FRA), minimize losses due to delayed or missed fee collections and returned or bounced checks. The application is a valuable tool for large educational institutes, whether schools or colleges, to track collections and monitor delays and defaults.
The market for Brainybrawn's applications created for the education sector is expanding significantly in India. According to a report, 'Education in India: Securing the demographic dividend,' published 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 assist media and marketing companies, retailers, and education, healthcare 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.
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