Millennium Information Technologies was founded in 1995 following a management buyout of the Open Systems Division of ComputerLand Sri Lanka, a Sun Microsystems Authorized Reseller. Starting out as a system integrator in Sri Lanka, MillenniumIT® soon moved into the field of application software design and development, which is now the company’s main source of revenue.

The catalyst for this change was a system integration contract from the Colombo Stock Exchange (CSE), which was reinterpreted as an opportunity to design and install a straight-through processing system for the Exchange. The CSE solution became the basis for MillenniumIT®’s suite of capital markets software products that followed.

Subsequently, business wins in Mauritius and Malaysia were the first steps towards a worldwide customer base. Today, MillenniumIT® is a multimillion-dollar company with offices and facilities in Sri Lanka, Boston, New Jersey, London and Mumbai.

Challenging times in the information-technology business notwithstanding, MillenniumIT® remains a highly profitable company, committed to further growth in the near term and intent on maximizing value for its shareholders.