Responding for the media reports, Neoteric, which has been in business for past 25 years as IT distributor has confirmed its exit from the IT domain. However, ensures a safe future for employees.
“It’s been extremely dynamic, challenging and highly competitive, few months back we decided to move on from the distribution business. Every closure of business has its set of challenges, and some aspects are not easy, even we are going through our set of experiences but it’s all manageable and moving in the right direction”, a clarification mail came from a spokesperson appointed by Paras Shah, Founder of the company claimed.
“We are trying to ensure almost all Neotericians are well-placed and reviews are being conducted on a weekly basis to achieve this goal. Actions such as requesting other fellow distributors, vendors, other service providers or channel partners to look at them as possible talent are already mooted.”
The clarification also said that Neoteric will continue putting efforts to ensure 100% all members are placed and are comfortable. What next for Neoteric we will know soon, as of now focusing all energies on seamless and win-win closures.