HCL picks up majority stake in NTS Group

HCL Infosystems announced the buyout of
60 percent 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.

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.