Hotels-to-FMCG conglomerate ITC said on October 1 that its wholly-owned subidiary ITC Infotech India Limited has acquired 100 percent shares in cloud solutions company Blazeclan Technologies for Rs 485 crore.
Blazeclan is an AWS Premier Partner, Snowflake Elite Partner, and a leader in providing Cloud transformation solutions to customers globally, ITC said in an exchange filing. The company also has expertise in cloud migration, digital services, digital cloud consulting and data analytics & insights. It had a turnover of Rs 294.57 crore in 2023-24.
The company has operations in India, Singapore, Australia, Malaysia, Philippines, New Zealand, Belgium, USA, and Canada.
"This acquisition is expected to 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," the filing added. "The acquisition is expected to strengthen ITC Infotech’s commitment to helping clients navigate their digital transformation journey and deliver business outcomes built on the foundation of strong Cloud capabilities."
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