Indian software and services provider Teledata Informatics is to invest over US$100million in IT distributor and PC maker eSys.
The cash injection is aimed at helping eSys continue and consolidate its growth and in aiding financing future acquisitions.
“We are pleased to close this investment, which will help us continue our growth,” said Vikas Goel, chairman and managing director of eSys.
K Padmanabhan, Teledata managing director, added: “eSys’ business model is robust, and we see our investment as an opportunity to partner in eSys’ growth. The synergy between eSys and Teledata would accelerate the business levels with tremendous prospects."For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.