- System Integration, IT Infrastructure and Managed Services
identified as 3i Infotech’s Areas of Growth
- Synergies will
create a formidable offering in the end-to-end IT Infrastructure Solutions
and Services space
Mumbai - May 8, 2008
– 3i Infotech, a global Information Technology company,
today announced that it has taken a strategic stake in Hyderabad based Locuz
Enterprise Solutions (Locuz), a leading System Integrator and IT
infrastructure solutions and services specialist. Under the terms of the
agreement, 3i Infotech has currently acquired 26% of the share capital of
Locuz; with an option to acquire the remaining stake in the company 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 solutions. Over the last 3 years, Locuz has also
forayed into strategic consulting relating to Adaptive Enterprise and
Enterprise IT Management, by establishing a NOC/SOC in Hyderabad and has
been providing SLA-driven On-site/Off-site services to clients in India and
abroad in the areas of Network & Systems Management, Managed Security,
and IT Governance.
Commenting on the acquisition, Mr.
Anirudh Prabhakaran, Executive Director and President - South Asia, 3i
Infotech, said, “We have identified IT infrastructure management & SI 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.”
India has
witnessed a phenomenal growth in the last decade in the field of IT
Infrastructure Management. The emergence of IT Infrastructure Management
Outsourcing is a current trend, prompted by improved technologies, advanced
management tools, and increasing flexibility in requirements.
“Over a period of eight years Locuz has built credibility with
alliance partners and customers. We believe the market is poised for high
growth in the areas like unified communications, clustering, high
availability computing and data centers. With our established strengths in
these areas, we were looking for an aggressive and large organization which
would provide us with synergy, help us with investments and carry us to the
big league. In the circumstances, we are happy to have joined hands with 3i
Infotech,” said Vijay K Wadhi, President, Locuz Enterprise Solutions.
Mr. Rajiv Malhotra, Innovative Solutions, New Delhi, was the
advisor to both the parties.
3i Infotech is one of the top 4 Indian
Software Products Companies.* The company provides software products and IT
services (Managed IT Services, Application Software Development &
Maintenance, Payment Services, Business Intelligence, IT Consulting, BPO,
Document Imaging & Digitization and Data Warehousing) for the Insurance,
Banking, Capital Markets, Mutual Funds, Manufacturing, Retail &
Distribution, and Government verticals. The company services customers in
over 50 countries across 5 continents. 3i Infotech is SEI CMMI Level 5
compliant for its Software services and ISO 9001:2000 certified for its IT
Infrastructure and BPO services.
*Source:
Dataquest, July 2007 issue
About Locuz
A deep-rooted philosophy – ‘creating business value with IT
Infrastructure’ – drives Locuz in its mission of helping solve the challenge
of deploying and managing complex IT Infrastructure in the face of rapid
technological changes. Since 2000, Locuz has executed IT Infrastructure
projects for many large enterprises in the country and continues to provide
Consulting, Solutions and Services in areas like Education, Research,
IT/ITES, Manufacturing, BFSI & Telecom. Locuz has offices across the
South and West India with headquarters in Hyderabad. More details are
available at www.locuz.com
M.B. Battliwala
Senior General Manager
3i Infotech
Limited
Akruti Centre Point, 6th Floor
M.I.D.C Central Road
Next to Marol Telephone Exchange
Andheri (East), Mumbai - 400 093
INDIA.
Tel: +
91.22-39145700
Fax: +91.22-39145520
E-mail: corporate@3i-infotech.com
Except for the historical
information contained herein, statements in this release, which contain
words or phrases such as "will", "would", "expect", "believe", and similar
expressions or variations of such expressions may constitute
"forward-looking statements". These forward-looking statements involve a
number of risks, uncertainties and other factors that could cause actual
results to differ materially from those suggested by the forward-looking
statements. These risks and uncertainties include, but are not limited to,
the performance of the Indian economy and of the economies of our principal
international markets, the performance of the industry sectors in which our
clients are based, the performance of the information technology industry
sector world-wide, competition, our ability to CGC in statutory and
regulatory approvals and to successfully implement our strategy, future
levels of our growth and expansion in business, technological
implementation, changes, advancements, and redundancies, the actual demand
for software products and services, or the future potential or feasibility
thereof, changes in revenue, income or cash flows, our market preferences
and our exposure to market risks, as well as other risks. 3i Infotech
undertakes no obligation to update forward-looking statements to reflect
events or circumstances after the date thereof.