Hathaway uses its global infrastructure to deliver
value-added services to its customers to address IT needs in specific
industries. The Company offers a comprehensive range of IT services
based on existing and emerging technologies that are tailored
to meet the specific needs of its clients. Hathaway designs, develops
and installs software for a variety of IT systems. A project may
involve the development of new applications or new functions for
existing software applications. Each development project typically
involves all aspects of the software development process, including
definition, prototyping, design, pilots, programming, testing,
installation and maintenance.
The Company works with many state-of-the-art
offshore software development facilities located throughout India,
Russia and Asia that enable it to provide high quality, cost-effective
services to its customers. The Company's services that are offered
on a fixed-price, fixed-time frame or time-and-materials basis,
include custom software application development, research and
development, information solutions, e-solutions and product lifecycle
management services.
Hathaway offers two primary business models:
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Acquisition - Hathaway's acquisition strategy is to find
companies that Hathaway can develop that are in high-tech
and state-of-the-art enterprise software application developers.
Hathaway has already completed two acquisitions and one spin-off.
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Opticon Systems Inc., Hathaway's first
acquisition and where Hathaway had 100% ownership now trades
on the bulletin board under the symbol OSYS. (otcbb:OSYS)
().
Opticon provides fiber optic network management software that
has been utilized by many fortune 500 companies, including
Comcast and Time Warner. This is the first acquisition of
many that Hathaway intends to do.
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Diabetes Detection Inc., Hathaway's second
acquisition has already begun the spin-off process. DDI provides
advanced technologies that enable physicians to diagnose diabetes--
in particular neuropathy. ().
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Internal development:
Since Hathaway was founded in 2000, Hathaway has developed many
applications internally and via our offshore and domestic development
relationshisps. In the past, we have developed various applications
that have been targeted at the Healthcare, Finance, Telecom
and various other industries. In addition to these applications,
we have also provided Global IT services, which have included
outsourced development, IT consulting and others
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