Wipro Infotech acquires Singapore's 3D Networks

Sufia Tippu
Friday, 27 October 2006 05:38

IT Industry - Market

Wipro Infotech, part the Wipro conglomerate, has bought two Singapore-based companies, 3D Networks and Planet PSG, in a $23 million all-cash deal.

3D Networks and Planet PSG are subsidiaries of the Singapore-based Planet One Pte Ltd. The other group companies of Planet One include Net ProActive Services and FCS Computer Systems.

3D Networks provides communication solutions that include consulting, voice, data and converged solutions and managed services which are deployed in ITES/IT, telecom, banking and finance, government and services verticals. During 2005-06, the company clocked revenues of approximately $36 million, with growth of 39%, year on year. Its India development center has about 270 employees.

Planet PSG is the sole global Nortel technical (professional) services partner on periphonics platform in APAC region and provides professional services on voice and speech platforms in the region.

Suresh Vaswani, president, Wipro Infotech and president- global IT service lines, Wipro Technologies said, “India’s emergence as the outsourcing hub for global majors is fuelling demand for convergence solutions. 3D Networks which has strong integration skills in convergence technologies, customer base and proven track record complements and enhances our existing comprehensive IT solutions and services. Our acquisition strategy here was to add new practice competencies and enhance our broad suite of service and solutions portfolio.”

Yoon Mun Chiew, Group CEO – Planet One added, “We are very excited about this partnership. It is the beginning of a strategic relationship with a global organization.”