Intel to Acquire Network Solutions Consulting Group
Team to Support Development of e-Business Solutions Based on Intel Technologies
SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 19, 2000--Intel Corporation today announced that its Indian subsidiary intends to acquire the consulting group of Network Solutions Private Ltd. of Bangalore, India.
The acquisition will add to Intel's growing capability in supporting system integrators and other consultants building e-Business solutions based on Intel Architecture and Intel networking and communications technologies. Financial terms of the agreement were not disclosed.
Founded in 1993, Network Solutions is a leading services provider in India with customers including Citibank Corp. and Satyam Infoway Ltd., one of India's largest Internet service providers. Network Solutions has delivered consulting services, management services, value-added software products, and system integration for businesses deploying voice and data networks. With this agreement, the Network Solutions consulting team will become part of Intel and serve a broad range of system integrators and solutions providers.
``Network Solutions' talented consulting team will be deployed to support system integrators and solution providers as they incorporate Intel Architecture and Intel networking and communications technologies into the new e-Business data center,'' said Will Swope, vice president, Intel Architecture Group, and general manager, Solutions Enabling Group. ``The team's expertise will be utilized to enable best of class business solutions in India, and shared worldwide to advance Intel's comprehensive solution enabling efforts.''
Upon completion of the acquisition, the Network Solutions consulting team will become part of Intel's Solutions Enabling Group and will complete committed projects during its transition. With the sale of its consulting capability, Network Solutions will continue to focus on its core business of network and system integration, as well as managed services. Intel will continue to provide technical consulting services to Network Solutions as part of an ongoing relationship.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
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