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Stock Report
Teledata Informatics acquires 51% stake in eSys Technologies for US$ 105 million
Posted On : 2007-02-26 02:35:41( TIMEZONE : IST )
Teledata Informatics Ltd has announced that the Company has recently invested 105 million US$ in eSys Technologies and acquired 51% stake. Singapore headquartered eSys Technologies is a Multinational with over 100 operations in more than 30 countries and has a revenue of US $2 billion.
The Company along with its subsidiary eSys Technologies, is setting up a 6 acre TBO facility in Rajeev Gandhi Chandigarh Technology Park (RGCTP) in Chandigarh. In the first phase this facility will have a workforce of 500, which will eventually be scaled up to 2000.
TBO is a concept pioneered by eSys and it believes that technology innovators or brand owners should focus on their core capabilities (which lie in R&D, Design, innovation, Branding and Marketing) and outsource non core peripheral activities which are transactional in nature to get higher efficiencies. Currently eSys utilizes its centers in India and Singapore to carry this out.
Through TBO, customers are offered a unique outsourcing proposition with a comprehensive set of services including Global logistics & warehousing, transactional services, sales support, reverse logistics and online B2B & B2C operations, to be delivered with a combination of back office capabilities and global infrastructure
The key innovation is in the seamless integration of all back office processes that TBO is capable of Such integration results in cost efficiencies and reaction time that cannot be achieved with multiple unrelated BPO vendors. The Company believes that "TBO" is going to be the concept of future and the market potential is immense.
The Company is in the process of hiving off the two divisions namely Technology and Marine and this process is likely to be completed by April’07. Mr. Vikas Goel the current Chairman and Managing Director of eSys Technologies has been awarded the Global Entrepreneour of the year 2005, will be heading the Company's Technology division of the Company after the hive off is completed.
