Chennai-based Teledata Informatics today acquired a majority stake in Singapore-headquartered IT distribution and PC maker eSys Technologies by investing $105 million (Rs 470 crore).Teledata and eSys are also likely to invest $20 million (around Rs 90 crore) in Chandigarh to open a total business outsourcing (TBO) unit with at least 1,000 employees over the next six months, according to a company source.TBO is a concept that eSys has started which allows whole businesses to be outsourced and run from low-cost, high-skilled countries. Currently, eSys utilises its centres in India and Singapore to carry this out."We have invested about $120 million in the company and will be investing additional 50% of the already invested money in the next three months with an intention of acquiring all the other business of eSys," K Padmanabhan, managing director, Teledata said. "The investment will enable the company capitalise on the synergy between Teledata and eSys which would help accelerate the business levels with tremendous prospect."Explaining the synergy between the two companies Padmanabhan said:"Every year we buy 3000-4000 PCs for several e-governance projects. This year we plan to buy 15,000 PCs. The eSys acquisition will now make these projects cost effective."
