PCCW Solutions, the IT services flagship of PCCW Limited, has acquired HCL Insys Pte. Ltd. (HCL Insys), which, prior to the acquisition, was a wholly owned Singapore-based step-down subsidiary of India’s premier technology company HCL Infosystems Limited.
Established in 2012, HCL Insys is a leading IT solutions and outsourcing service provider, offering managed services including end user computing, data center, service desk and networking solutions for customers in Singapore.
The acquisition enables PCCW Solutions to accelerate its reach by leveraging HCL Insys’ proven capabilities. This joint team will deliver end-to-end IT services, ranging from application development, system integration to digital solutions, and capture opportunities across industries. In addition, the synergies created will further strengthen PCCW Solutions’ overall capabilities in infrastructure, cloud and automation across the region.
Mr. Ramez Younan, Managing Director of PCCW Solutions, said, “The transaction is a milestone for PCCW Solutions as we continue to expand our Southeast Asia business. The complementary businesses enhance our presence, capabilities and reach, enabling PCCW Solutions to offer integrated solutions and accelerate growth.”
Mr. Younan added, “We welcome our new colleagues and together we aim to create additional value to our customers in the Singapore market and beyond, a key region for PCCW Solutions.”
The transaction does not constitute a notifiable transaction of PCCW Limited under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Source: PCCW Press Release