3i Infotech acquires Hyderabad based Locuz Enterprise
3i Infotech has taken a strategic stake in Hyderabad based Locuz Enterprise Solutions, a leading system integrator and IT infrastructure solutions and services specialist.
By INDIATIMES NEWS NETWORK |
MUMBAI: 3i Infotech has taken a strategic stake in Hyderabad based Locuz Enterprise Solutions, a leading system integrator and IT infrastructure solutions and services specialist. As per agreement, the company has currently acquired 28 per cent of the share capital of Locuz; with an option to acquire the remaining stake over an agreed time frame.
Locuz Enterprise Solutions is a specialist in IT infrastructure solutions and services with acknowledged expertise in high performance computing, tiered storage, information security and IP Convergence Solution. Over the last 3 years, Locuz has also forayed into strategic consulting relating to Adaptive Enterprises and Enterprise IT Management, by establishing a NOC in Hyderabad and has been providing SLA-driven onsite services to clients in India and abroad in the areas of network and systems management, managed security, and IT Governance.
"We have identified IT infrastructure management as a key growth driver and this acquisition will enable us to be a larger player in the IT outsourcing market. More companies are increasingly scouting for specialists to develop-and roll-out IT-centric business strategies. Given Locuz's dynamic management team and established credibility in this space, we have found an ideal match to expand our scope of offerings in a synergistic manner," said Anirudh Prabhakaran, executive director and president - South Asia, of 3i Infotech.
The company's shares ended down 1.40 per cent to Rs 127.05 on NSE
Locuz Enterprise Solutions is a specialist in IT infrastructure solutions and services with acknowledged expertise in high performance computing, tiered storage, information security and IP Convergence Solution. Over the last 3 years, Locuz has also forayed into strategic consulting relating to Adaptive Enterprises and Enterprise IT Management, by establishing a NOC in Hyderabad and has been providing SLA-driven onsite services to clients in India and abroad in the areas of network and systems management, managed security, and IT Governance.
"We have identified IT infrastructure management as a key growth driver and this acquisition will enable us to be a larger player in the IT outsourcing market. More companies are increasingly scouting for specialists to develop-and roll-out IT-centric business strategies. Given Locuz's dynamic management team and established credibility in this space, we have found an ideal match to expand our scope of offerings in a synergistic manner," said Anirudh Prabhakaran, executive director and president - South Asia, of 3i Infotech.
The company's shares ended down 1.40 per cent to Rs 127.05 on NSE
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