Mumbai-headquartered Parle Software has signed a Memorandum of Understanding (MoU) with US-based IT solutions provider Samay Technologies, for reducing the exchange fluctuation risk with the help of ERP software.

Under the pact, Samay Technologies would develop Enterprise Resource Planning (ERP) software for the company on site and customize the same as per the client specifications. This would help the company to penetrate the global market, besides reducing the exchange fluctuation risks in a volatile foreign exchange conditions.

Parle Software is an information technology (IT) company engaged in providing enterprise solutions and services such as enterprise resource application, knowledge management, supply chain and e-business applications.

The company would also setup a dedicated corporate office at Park Avenue, New York, USA to oversee the software operations to be carried out by Samay Technologies.

The office would be operational from June 1, 2008.