IBM plans to acquire Indian IT firm Network Solutions
US based tech giant IBM (International Business Machines) has announced that they plan to acquire the Indian IT firm Network Solutions (no connections to the US based Network Solutions). Network Solutions is a leading infrastructure services company in India. IBM would be acquiring the entire equity capital of Network Solutions making it a wholly owned subsidiary.
The Managing Director, IBM Global Services India, Shankar Annaswamy announced this decision on behalf of the company. This move is going to help IBM augment its networking and managed services portfolio of offerings in India. In addition, it would also help expand their operations on a wider scale in the country.
IBM is also expected to consolidate its leadership in the Indian domestic services market by strengthening its service capabilities in the area of infrastructure solutions for the enterprise and mid-market business segment. Sudhir Sharma, Managing Director, Network Solutions said in a statement: “As a combined entity with IBM, we will able to achieve this mandate more effectively and be in a position to offer clients IBMâ€™s portfolio of offerings and expertise in addition to our solutions, along with our industry and technology expertise.”