Teledata Informatics acquires 100% stake in Soltius Pte Ltd, Singapore

Teledata Informatics Ltd has announced that it has signed a share purchase agreement for acquiring 100% stake in Soltius Pte Ltd, Singapore through its wholly owned subsidiary, Bitech International LLC, Dubai.

Headquartered in Singapore, Soltius is a Global IT solutions & Services Company that offers expertise in areas of business solutions and services. With over 800 professionals on board worldwide Soltius focuses on SAP projects and consultancy services. The Company's industry-specific groups generate strategies rooted in a deep understanding of the practices and processes that help identify appropriate business solutions and services for various industries.

Speaking about the acquisition and synergies with its existing business, the Company's Managing Director, Mr. K Padmanabhan said, "With this acquisition, Teledata has secured a stronger foothold in the SAP market, which will not only help to grow its existing business, but will also open-up opportunities in the future".

The operations of Soltius Pte Ltd are spread across Australia, Bangladesh, China, India, Indonesia, Singapore, Thailand, USA and UAE and offers solutions in the areas of:

- Customer Care & Billing Systems
- Enterprise Resource Planning
- Supply Chain Management
- B2B Integration
- Mobile Solutions
- Professional Services
- Bespoke Development
- System Integration
- Product Implementation
- ASP Offerings
- Outsourcing

Soltius delivers these solutions in cooperation with leading product vendors, systems integrators, joint marketers and technical partners whose products and services complement Soltius solutions.

Soltius is targeting revenue of USD 40 Million with a profitability of around USD 6 Million for the current year.

Source : Equity Bulls

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