IBM to acquire Network Solutions

IBM announced that it plans to acquire Network Solutions Ltd, a leading infrastructure services company in India. IBM will acquire the entire equity capital of Network Solutions making it a wholly owned subsidiary. This 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. It can also 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, MD, IBM Global Services India. 

Network Solutions is a privately owned infrastructure solutions company in India. DQ Channels had awarded it the prestigious Channel Excellence Awards for the 'Most Successful Solution Provider' earlier this year. Established in 1993, it specializes in implementation of convergence solutions for data, voice and video, security, wireless technology solutions, WAN and LAN implementations, infrastructure management, network design and implementation, structured cabling solutions, network management including remote management services and IP telephony services. 

It is a CMMi Level-3 certified company, headquartered in Bangalore, with one of the largest pool of certified professionals in its line of business. The company has presence in over 45 service locations in India.

"Network Solutions is focused on using continuous innovation to create value for our client's business," said Sudhir Sharma, MD, Network Solutions. “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."

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