IBM acquires Network Solutions

IBM is set to acquire Network Solutions Ltd, a leading infrastructure

services company in India. The acquisition will make Network Solutions a wholly

owned subsidiary of IBM. The company would acquire the entire equity capital of

Network Solutions and the transaction is expected to close 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 its

leadership in the Indian domestic services market by strengthening its 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 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," said Shanker Annaswamy, Managing Director, IBM Global Services

India.

Network Solutions, a privately-owned infrastructure solutions company in

India, established in 1993, specializes in implementation of convergence

solutions for data, voice and video, security, wireless technology solutions,

WAN & LAN implementations, infrastructure management, network design and

implementation, structured cabling solutions, network management including

remote management services and IP telephony services. Headquartered in Bangalore,

Network Solutions is a CMMi level 3 certified company. With presence in over 45

service locations in India the company has one of the largest pool of certified

professionals in its line of business.

According to Sudhir Sharma, Managing Director, Network Solutions, the company

is focused on using continuous innovation to create value for our client's

business. He said, "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."

DQW News Bureau


Bangalore