Teledata Informatics buys majority stake in eSys Technologies for $105 mn

Teledata Informatics, a Chennai-based IT company has acquired a strategic majority stake in eSys Technologies for $105 mn. The promoter of eSys, Vikas Goel, would continue to hold 49%, in the company. eSys Technologies is a Singapore-based distributor of hard drives and PC manufacturer. eSys is a $2 bn-privately-held firm started by an Indian entrepreneur. Teledata provides software and solutions for the marine, education, telecom and utility sectors. Teledata has picked up the stake in the Singaporean company through a fresh infusion of capital.

eSys derives nearly 95% of its revenues from distribution and manufacture of hardware. It distributes hard disk drives and other computer components. It also produces personal computers, some under contract manufacturing, while it also sells under its own brand name. eSys now manufactures more than 2 mn PCs annually at its facilities in Singapore, India, US and the Middle East.

Read the article in The Economic Times.

Chennai-based IT company Teledata in a $200 mn buyout in Singapore

Teledata Informatics, a Chennai-based software company, may make its second acquisition in Singapore following its Jan 12 acquisition of IT services company Soltius Private Limited. The company is into systems integration; the deal is valued at around $150-200 mn. The name of the company has not been disclosed.

Teledata Informatics offers enterprise-wide solutions for marine, education and utility sectors, apart from providing e-learning training and solutions. Teledata had acquired Soltius through its Dubai subsidiary, Bitech International. Soltius offers technology business solutions and services that focus across horizontals such as enterprise resource planning (ERP), business-to-business integration, mobile solutions, systems integration and product implementation, among others.

Article in Business Standard.