IT Scan

November 8, 2005
IBM to acquire Network Solutions

NEW DELHI -- IBM, the world's largest information technology company with 80 years of leadership helping businesses innovate, recently announced that it plans to 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. The acquisition is likely to happen within a month.

This strategic investment will enable IBM to augment its networking and managed services portfolio of offerings in India and broaden its 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 its services capabilities in the area of infrastructure services solutions for the enterprise & mid market business segment.

Shanker Annaswamy, Managing Director, IBM Global Services India asserted: "IT infrastructure forms the backbone of development and growth of any economic activity. The acquisition of Network Solutions will enable IBM to consolidate its leadership in domestic services and leverage its capabilities in building world-class infrastructure for our clients. This strategic investment is yet another initiative reflective of IBM’s commitment to domestic services in India.”

Network Solutions is a leading privately owned infrastructure solutions company in India. Established in 1993, it specialises in implementing convergence solutions for data; voice and video; security; wireless technology solutions; WAN and LAN implementations; infrastructure management; network design and implementation; structured cabling solutions and 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.

Contact:
IBM
www.ibm.com