DBT Bureau
Bengaluru, 18 April
ITC Infotech, the flagship IT services subsidiary of Indian conglomerate ITC, announced on Thursday that it would acquire Pune-based cloud services company, Blazeclan Technologies for Rs 485 crore in its bid to augment its cloud-based offerings.
This acquisition is expected to augment ITC Infotech’s capabilities to service its customers in a multi-cloud and hybrid cloud environment with a focus on the Partner eco-system to accelerate future growth.
Blazeclan is a cloud consulting company providing cloud services on AWS, Azure, and GCP, and has been recognized as a Niche Player in the 2023 Gartner Magic Quadrant for Public Cloud IT Transformation Services, the company said in a release.
Blazeclan Technologies, which was set up in 2010, had a turnover of Rs 249.50 crore during FY23.
Commenting on the acquisition, Sudip Singh, Managing Director and Chief Executive Officer of ITC Infotech said, “In an evolving ecosystem, enterprises today need to leverage their cloud investments to stay ahead of the curve and deliver higher value to their customers. With the proposed acquisition of Blazeclan, we believe that we will be strongly positioned to step up our client’s digital transformation journey. This acquisition will not only strengthen our capabilities significantly but also enable us to make scalable progress in the cloud space while providing access to key opportunities to unlock larger business value for our customers.”
According to the company, this acquisition is aligned with the company’s strategy of pursuing value-accretive investments that build its capability in major technology areas. Post the acquisition, ITC Infotech intends to further deepen its global presence through Cloud Competency Centres in Australia, Singapore, Malaysia, and India.
“This acquisition augments ITC Infotech’s earlier partnership with PTC for cloud PLM business. Now, ITC Infotech can offer full cloud and data capabilities to its clients in manufacturing and other verticals,” Pareekh Jain, an IT outsourcing advisor & Founder of Pareekh Consulting wrote on the social media platform ‘X’.
