3i Infotech has picked up 26 per cent stake in Hyderabad-based Locuz Enterprise Solutions, a specialist in IT infrastructure solutions and services.
Mr Anirudh Prabhakaran, Executive Director and President – South Asia, 3i Infotech, said: “We have identified IT infrastructure management and system integration as a key growth driver and this acquisition will enable us to be a larger player in the IT outsourcing market. More companies are increasingly scouting for specialists to develop and roll-out IT-centric business strategies.”
India has witnessed a phenomenal growth in the last decade in the field of IT infrastructure management prompted by improved technologies, advanced management tools, and increasing flexibility in requirements. (Money Control)