Bennett, Coleman & Company Limited (BCCL), the parent company of The Times of India and The Economic Times, has acquired a stake in Hyderabad-based IT products company SatNav Technologies. SatNav is a pioneer in products in navigation, telematics and business infrastructure management. It was founded under the Satyam entrepreneur incubation program focusing on services and products. In 2004, SatNav took over the products developed by Satyam Navigation and is today an independent venture run by ex-Satyam employees. The company is expanding its customer base across the globe; it already has partners in eight countries, The company’s client list includes ICICI Bank, Genpact, Satyam, ISB, UBS and HSBC.
Read the article in The Economic Times.
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