The acquisition will enable ITC Infotech to
build a strategic cloud asset with a focus on the Hyperscaler
Partner eco-system to ramp up future growth
PARAMUS,
N.J. and LONDON and
BANGALORE, India,
April 18,
2024 /PRNewswire/ -- ITC Infotech, a leading global
technology services and solutions provider, announced today the
signing of a definitive agreement to acquire 100% shareholding of
Blazeclan Technologies Private Limited (Blazeclan) – a
born-in-the-cloud consulting company providing Cloud services on
AWS, Azure and GCP. The acquisition reiterates ITC Infotech's
commitment to help clients steer their digital transformation
journey and deliver business outcomes built on the foundation of
strong Cloud capabilities.
Headquartered in Pune, India,
Blazeclan is an AWS Premier Partner, Snowflake Elite Partner and a
leader in providing Cloud transformation solutions to customers
globally with strong expertise in Cloud Migration, Digital
Services, Digital Cloud Consulting and Data Analytics &
Insights. Leveraging its powerful platforms, frameworks and
accelerators, Blazeclan helps drive on-demand and sustainable cloud
adoption for its clients. Blazeclan's broad suite of services and
disruptive building blocks help speed up digital transformation by
modernizing the infrastructure with native cloud services and
migration accelerators. Blazeclan has been recognized as a Niche
Player in the 2023 Gartner® Magic Quadrant for Public Cloud IT
Transformation Services.
This acquisition will 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.
ITC Infotech proposes to leverage the platforms and accelerators
built by Blazeclan and the strong certified architect pool to
strengthen its cloud offerings. This move is aligned with the
Company's strategy of pursuing value accretive investments focused
on sharpening capability-led solutions while strengthening
partnerships which form critical pillars of growth for ITC
Infotech. With this agreement, ITC Infotech intends to further
deepen its global presence through Cloud Competency Centres in
Australia, Singapore, Malaysia, and India.
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 clients'
digital transformation journey. This acquisition will not only
strengthen our capabilities significantly but will enable us to
make scalable progress in the cloud space, while providing access
to key opportunities to unlock larger business value for our
customers."
Varoon Rajani, Founder &
Chief Executive Officer of Blazeclan said, "I am thrilled to
announce the next chapter for Blazeclan as we join the ITC Infotech
family. Our shared commitment to people-centric values, customer
obsession, and global excellence align seamlessly. With ITC
Infotech's rich technical expertise, we are poised to elevate our
capabilities and better serve our customers. Blazeclan's expertise
in cloud and modernization combined with ITC Infotech's strengths
creates a winning formula. This partnership promises excitement and
growth for both organizations, our valued partners, customers and
dedicated employees. Together, we are embarking on a journey of
innovation, growth, and mature enterprise solutions."
This acquisition is expected to close in 6 to 8 weeks, subject
to customary closing conditions.
About ITC Infotech:
ITC Infotech is a leading global technology services and
solutions provider, led by Business and Technology Consulting. ITC
Infotech provides business-friendly solutions to help clients
succeed and be future-ready, by seamlessly bringing together
digital expertise, strong industry specific alliances and the unique
ability to leverage deep domain expertise from ITC Group
businesses. The company provides technology solutions and services
to enterprises across industries such as Banking & Financial
Services, Healthcare, Manufacturing, Consumer Goods, Travel and
Hospitality, through a combination of traditional and newer
business models, as a long-term sustainable partner. ITC Infotech
is a wholly-owned subsidiary of ITC Limited, one of India's leading private sector companies and a
diversified conglomerate with businesses spanning Consumer Goods,
Hotels, Paperboards and Packaging and Agri Business. For more
information, please visit: http://www.itcinfotech.com/
About Blazeclan:
Blazeclan is amongst the world's leading providers of cloud
services with a history of leading enterprises to unlock the value
of cloud computing. Established in 2010, the company has been
empowering customers across the globe with cloud advisory services,
cloud migration, DevOps and Automation, Big Data and Analytics,
Cloud Native Application development, and cloud managed
services.
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SOURCE ITC Infotech