BWI: HCL Infosystems Picks up Majority Stake in Dubai-based NTS Group

Press release from Business Wire India
Source: HCL Infosystems Ltd
Friday, July 09, 2010 10:36 AM IST (05:06 AM GMT)
Editors: General: Economy; Business: Advertising, PR & marketing, Business services, Financial Analyst, Information technology; Technology
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HCL Infosystems Picks up Majority Stake in Dubai-based NTS Group


New Delhi, Delhi, India, Friday, July 09, 2010 -- (Business Wire India) -- HCL Infosystems Limited, India's premier hardware, services and ICT system Integration Company, today announced the buyout of 60% stake in NTS Group, a leading IT services and Solutions Company based in Dubai. NTS, a 'total solutions' provider ranging from IT hardware to software services and consulting, has partnered with leading enterprises in the region building customised solutions for a host of business needs. Specific areas covered by NTS include: computer hardware, enterprise software solutions, infrastructure and networking solutions, e-security solutions and web development services. With the addition of NTS, HCL Infosystems will now expand its global footprint in the Middle East and African market with direct operations to address the system integration and services need in these regions.

Mr. Ajai Chowdhry, Chairman and CEO, HCL Infosystems said, "Today we open a new chapter unfolding in HCL Infosystems' history as we strengthen our global presence with the addition of Middle East. This acquisition will see NTS's customer relationships across the Middle East get access to the HCL Infosystems three decades of expertise in the space. The completion of this acquisition represents a significant step for HCL Infosystems in our transformation strategy to accelerate growth in our targeted international markets, offering a complete set of products, service and solutions."

Together, HCL Infosystems and NTS will now further focus on building business with NTS becoming a beachhead to cater to the Middle East and African Market. The existing client relationships across Dubai, Abu Dhabi & Qatar will now have access to HCL Infosystems bouquet of specialised IT products and solutions. HCL Infosystems will be augmenting existing NTS Dubai business with its system integration, product, services & solutions portfolio to create larger business for HCL Infosystems.

About NTS Group

NTS Group, based out of Dubai, the technology hub of the Middle East was set up in 2004 as an IT Infrastructure solutions provider. With four offices in the United Arab Emirates staffed with over 100 technology and support specialists, NTS is dedicated to meet future trends with innovation and is committed to deliver quality products, solutions and services.

About HCL Infosystems Ltd.

HCL Infosystems Ltd, with revenue (LTM) of US $ 2.5 billion (Rs. 12,233 crores) is India's premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization. India's leading System Integration and Infrastructure Management Services Organization, HCL has specialized expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India's largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more.

HCL today has India's largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India's largest ICT services network that reaches to every corner of India, HCL's award winning Support Services makes it the preferred choice of enterprise and consumers alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called 'Safe State' that safe guard's life, infrastructure & society. For more information please visit us at www.hclinfosystems.in


CONTACT DETAILS
Ashutosh Bhattacharya, Head - Corporate Communications, HCL Infosystems, + 91 9811920415, ashutosh.bhattacharya@hcl.in
Rahul Nag, HCL Infosystems, +91 9716444226, rahul.nag@hcl.in
Shaila Srivastava, VaishnaviCorporate Communication, +91 9717293602, shaila.srivastava@vccpl.com
Manpreet Singh, VaishnaviCorporate Communication, +91 9810286337, Manpreet.singh@vccpl.com

KEYWORDS
ECONOMY, MARKETING, BUSINESS SERVICES, Financial Analyst, IT, TECHNOLOGY, 500179.BO, HCL-INSYS.NS

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