Howrah News Service -  Latest news and headlines on Howrah,West Bengal and World: 3i Info buys 26% in Locuz

3i Info buys 26% in Locuz
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newsbyte on 08 May, 2008 04:31:57
 
By OUR CORRESPONDENT
Chennai, May 8: IT services provider 3i Infotech has taken a strategic stake in
Hyderabad-based Locuz Enterprise Solutions, a leading system integrator and IT
infrastructure solutions and services specialist.
As per agreement, 3i Infotech has acquired 26 per cent of the share capital of
Locuz, with an option to acquire the remaining stake over an agreed time frame.
Commenting on the acquisition, Mr Anirudh Prabhakaran, executive director and
president, 3i Infotech, said, "This acquisition will enable us to be a larger
player in the IT outsourcing market."
More companies are scouting for specialists to develop-and roll-out IT-centric
business strategies. In Locuz, we have found an ideal match to expand our scope
of offerings in a synergistic manner, he added.
Locuz Enterprise Solutions provides IT infrastructure solutions and services in
high performance computing, tiered storage, information security and IP
Convergence Solution.
Over the last 3 years, Locuz has also forayed into strategic consulting
relating to adaptive enterprises and enterprise IT management, by establishing a
NOC in Hyderabad.
The company has also been providing SLA-driven onsite services to clients in
India and abroad in the areas of network and systems management, managed
security, and IT Governance.