Hyderabad, India: Infotech Enterprises announced that its wholly owned subsidiary Infotech Enterprises America has acquired a US-based firm Wellsco, a telecom engineering services company. Towards achieving its vision, ‘Delivering innovative solutions together for a better future,’ and becoming a USD 1 Billion enterprise, Infotech has focused on certain strategic initiatives. As a part of executing these strategic initiatives and after carefully evaluating various options, the company has acquired Wellsco in an all-cash deal.
Infotech’s strategic initiatives include:
– Strengthening its domain expertise in new market segments within existing industry verticals.
– Establishing a global network of engineering centres that offer its customers the right mix of proximity, skills and price.
– Forging strategic, long-term relationships with specific named accounts.
BVR Mohan Reddy, Chairman & Managing Director, Infotech, said, “With this acquisition, Infotech gains access to the deep domain skills and experience of the local Wellsco team which will accelerate our growth. Combined with our mature processes and ability to scale customer relationships, we are confident that we will leverage this acquisition to create strong momentum and further enhance our leadership position in the network engineering services market.”
Jim Wells, President of Wellsco, said, “Infotech’s complementary skills, financial strength and global resource pool complement Wellsco’s strong national presence. We are confident that our combined and complementary strengths will further enhance our leadership position in this market.”