Octaware Technologies Limited (BSE – 540416), a leading software development, enterprise solutions and consulting firm, is pleased to announce that they have signed a Memorandum of Understanding (MoU) with a Croatian firm, Golubica Parking d.o.o., Zagreb, for the establishment of a joint venture between the two companies, to be operational under the name, Octaware Europe. The JV has been signed, currently, for a period of five years, with a view of expanding Octaware’s global operations