Infinite Computer acquires Comnet
Bangalore-based Infinite Computer Solutions, an IT solutions and services provider, has acquired US-based Comnet International Company.
By TNN |
CHENNAI: Bangalore-based Infinite Computer Solutions, an IT solutions and services provider, has acquired US-based Comnet International Company.
Comnet is a telecom-focused outsourced product development and IT services company, with a development centre in Chennai.
The deal marks Infinite's foray into the telecom space, which it has designated as its major focus area.
Infinite has earmarked $30 million for investment in telecom. "We will actively pursue the inorganic route as part of our global expansion plans and growth strategy. We are looking at more such acquisitions in the telecom sector to ensure that we become a global telecommunications service provider," said Upinder Zutshi, CEO, Infinite Computer Solutions.
In March, Infinite had set up a telecom competency centre in Bangalore at its Whitefield campus.
The company also said the in-vestment will help Infinite augment its services for telecom and enterprise networks, service providers, device and appliance manufacturers and TME (Telecom, Media and Entertainment) enterprises.
Comnet is a telecom-focused outsourced product development and IT services company, with a development centre in Chennai.
The deal marks Infinite's foray into the telecom space, which it has designated as its major focus area.
Infinite has earmarked $30 million for investment in telecom. "We will actively pursue the inorganic route as part of our global expansion plans and growth strategy. We are looking at more such acquisitions in the telecom sector to ensure that we become a global telecommunications service provider," said Upinder Zutshi, CEO, Infinite Computer Solutions.
In March, Infinite had set up a telecom competency centre in Bangalore at its Whitefield campus.
The company also said the in-vestment will help Infinite augment its services for telecom and enterprise networks, service providers, device and appliance manufacturers and TME (Telecom, Media and Entertainment) enterprises.
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