Teledata Informatics invests USD 105 million in Singapore headquartered eSys Technologies

Teledata Informatics Ltd has announced that the Company has strategically invested USD 105 million to acquire majority stake in Singapore headquartered IT Distribution major and PC maker eSys Technologies Pte Ltd.

The investment will enable the Company capitalize on the synergy between the Company and eSys which would help accelerate the business levels with tremendous prospect.

The Company is a USD 234 million software solutions and services Company with global operations across 15 countries. Since its inception in 1990, the Company has demonstrated a first-rate growth to emerge as the global leader in its markets. The Company has acquired a unique multinational character which is being strengthened with its ever- expanding global network. The Company is one of the fastest growing Indian Companies and is proud to be one among the top 50 software services providers globally.

Commenting on the investment, the Company's Managing Director K Padmanabhan added, "We were very impressed by the growth which eSys achieved in a short span of time. Their business model is robust, and we see our investment as an opportunity to partner in eSys’ growth."

Welcoming Mr. Goel to the Group, Mr. Padmanabhan said, "We would like to utilize Mr. Goel's vision, global experience and acumen to further interests of Teledata group of Companies.'

Source : Equity Bulls

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