By IANS,
Hyderabad : Infotech Enterprises Tuesday announced it has acquired US-based network engineering and management firm Wellsco Inc in an all-cash deal to raise its business from the telecom sector.
The Hyderabad-based technology solutions provider, however, did not disclose the amount it paid for the acquisition.
The company in a statement said its wholly owned subsidiary Infotech Enterprises America Inc.(IEAI) acquired Wellsco.
“We are confident that we will leverage this acquisition to create strong momentum and further enhance our leadership position in the network engineering services market space,” said B.V.R. Mohan Reddy, Chairman and Managing Director of Infotech Enterprises.
Headquartered in Paragould, Arkansas, Wellsco has some of the largest Telecom companies in the US as its long-term customers.