HCL Infosystems inches up on acquiring Edurix to strengthen its Learning Business ( Jul-27-2012 09:43 Hrs IST )
HCL Infosystems is currently trading at Rs. 40.80, up by 0.45 points or 1.12% from its previous closing of Rs. 40.35 on the BSE.The scrip opened at Rs. 40.65 and has touched a high and low of Rs. 40.90 and Rs. 40.65 respectively. So far 1,134 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 88.25 on 28-Jul-2011 and a 52 week low of Rs. 38.80 on 30-Dec-2011.Last one week high and low of the scrip stood at Rs. 41.65 and Rs. 40.25 respectively. The current market cap of the company is Rs. 909.00 crore.The promoters holding in the company stood at 50.77% while Institutions and Non-Institutions held 31.38% and 17.85% respectively. HCL Infosystems, India’s premier hardware, services and ICT Systems Integration and Distribution Company has acquired Edurix, a part of Attano Media and Education. The business transfer between HCL Infosystems and Attano has been completed and included transfer of all fixed assets, IPR and the Human Resources of Edurix. The acquisition by the company brings in-house content capability to its education and learning division, HCL Learning. The acquisition would supplement HCL Learning’s current offerings across the various segments - K-12, Higher Education and its Career Development Centre (CDC). HCL Learning would also have the flexibility to develop and customize content for tablets, dongles and online platforms.Apart from strengthening its operations in India, the acquisition will facilitate HCL Learning’s access to international markets and supplement growth in emerging markets like South East Asia, Middle East and Africa. Edurix designs and implements content for the K-12 education segment and has more than 150 employees in its two offices in Mumbai and Chennai. The integration of the Edurix’s business and teams with HCL Infosystems are currently underway.HCL Infosystems is one of the leading ICT system integrator and distribution company. It has wide range of products and services such as IT products, solutions and related services, which include PCs, servers, imaging, voice and video solutions, networking products, TV and FM broadcasting solutions, communication solutions, system integration, ICT education and training, digital lifestyle solutions and peripherals.
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