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InfoTech signs pact with Pratt & Whitney

The Hyderabad -based software solutions provider specialising in the area of geographical information systems (GIS), InfoTech Enterprises Ltd, has announced a strategic business alliance with Pratt & Whitney, division of the United Technologies Corporation, a Fortune-100 company.

The agreement would extend the current relationship between the companies to focus on value-added engineering services over the next five years. Pratt & Whitney, which is participating in the equity of InfoTech to the tune of 18.4 per cent, demonstrating long-term partnering intent, has decided to appoint its Finance Director, Mr Charles Ayer, on the InfoTech board.

In a press release on Monday, InfoTech said it proposed to use the funds available from this transaction to strengthen its capital structure and finance its expansion plans that would facilitate increased stability of operations and enhance the company’s capability to provide customer-centric solutions.