Datacraft earmarks $10 mn for acquisition in India
IT solutions and services provider, Datacraft India, has earmarked up to $10 million for an acquisition in the security, data centre and business process outsourcing (BPO) space, a top company official said.
By PTI |
MUMBAI: IT solutions and services provider, Datacraft India, has earmarked up to $10 million for an acquisition in the security, data centre and business process outsourcing (BPO) space, a top company official said.
"We want to scale up our revenues, and hence we are looking for acquisition of a company providing solutions and services in the areas of security, data centre and BPO," Datacraft's Director (solutions development group and alliances) Andy Cocks said.
The company is betting big on Asia and has earmarked $40 million for acquisitions in the region of which $5 to 10 million has been set aside for acquisition in India.
"Datacraft is presently conducting due diligence on a domestic security, data centre and BPO solutions and services provider," Cocks said without divulging further details.
The acquisition would be sealed as soon as Datacraft zeroed in on a company with the right fit, he added.
Datacraft combines an expertise in networking, security, operating environments, storage and BPO technologies, with advanced skills in consulting, integration and managed services, to craft IT solutions and services for business.
The Indian networking market was growing at a rate of 30-40 per cent CAGR and the company expects a fair growth in India, Cocks said.
"We expect an easy growth of 20-25 per cent in the networking business for the next couple of years here," Cocks added.
Datacraft provides IT solutions and services to companies engaged in banking and financial services, insurance, IT/ITES, travel, manufacturing, media and BPO.
"In India, BFSI, IT/ITES, media and communication sectors account for 80 per cent of our business and rest is contributed by travel, manufacturing and the BPO industry," he said.
With a view to further scale-up its revenues, Datacraft now intends to focus on others sectors besides BFSI, IT/ITES, media and communication, he said.
Presently, Datacraft has around eight offices and around 1,000 employees, including contract workers, in the country.
"We want to scale up our revenues, and hence we are looking for acquisition of a company providing solutions and services in the areas of security, data centre and BPO," Datacraft's Director (solutions development group and alliances) Andy Cocks said.
The company is betting big on Asia and has earmarked $40 million for acquisitions in the region of which $5 to 10 million has been set aside for acquisition in India.
"Datacraft is presently conducting due diligence on a domestic security, data centre and BPO solutions and services provider," Cocks said without divulging further details.
The acquisition would be sealed as soon as Datacraft zeroed in on a company with the right fit, he added.
Datacraft combines an expertise in networking, security, operating environments, storage and BPO technologies, with advanced skills in consulting, integration and managed services, to craft IT solutions and services for business.
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The Indian networking market was growing at a rate of 30-40 per cent CAGR and the company expects a fair growth in India, Cocks said.
"We expect an easy growth of 20-25 per cent in the networking business for the next couple of years here," Cocks added.
Datacraft provides IT solutions and services to companies engaged in banking and financial services, insurance, IT/ITES, travel, manufacturing, media and BPO.
"In India, BFSI, IT/ITES, media and communication sectors account for 80 per cent of our business and rest is contributed by travel, manufacturing and the BPO industry," he said.
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With a view to further scale-up its revenues, Datacraft now intends to focus on others sectors besides BFSI, IT/ITES, media and communication, he said.
Presently, Datacraft has around eight offices and around 1,000 employees, including contract workers, in the country.
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