IBM to acquire Indian network solutions services company
09 Nov 2005
Bangalore: IBM will acquire Network Solutions Pvt Ltd., a leading infrastructure services company in India. IBM will acquire the entire equity capital of Network Solutions making it a wholly owned subsidiary. This transaction is expected to close within a month, subject to completion of all formalities. This strategic investment will enable IBM to augment it's networking and managed services portfolio of offerings in India and broaden it's reach across the country. The acquisition of Network Solutions will enable IBM to consolidate it's leadership in the Indian domestic services market by strengthening it's services capabilities in the area of infrastructure services solutions for the enterprise and mid market business segment.
"IT infrastructure forms the backbone of development and growth of any economic activity. The acquisition of Network Solutions will enable IBM to consolidate it's leadership in domestic services and leverage its capabilities in building world-class infrastructure for our clients," said Shanker Annaswamy, managing director, IBM Global Services India.
Network Solutions is a leading privately owned infrastructure solutions company in India. Established in 1993, it specialises in implementation of convergence solutions for data, voice and video, security, wireless technology solutions, WAN and LAN implementations, infrastructure management, network design and implementation, structured cabling solutions, network management including remote management services and IP telephony services. Network Solutions is a CMMi level 3 certified company, headquartered in Bangalore, with one of the largest pool of certified professionals in its line of business. The company has presence in over 45 service locations in India.
According to Sudhir Sharma, managing director, Network Solutions. "As a combined entity with IBM, we will be able to achieve this mandate more effectively and be in a position to offer clients IBM's portfolio of offerings and expertise, in addition to our solutions, along with our industry and technology expertise."
