Datatec captures 50 percent stake in Inflow
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New Delhi: South Africa based Datatec, has captured 50.01 percent of stake in Inflow, a Bangalore based IT firm. The remaining 49.99 percent stake will be held by management and existing shareholders. "India is a very large and fast growing market offering strong prospects in our sector with a lower cost of entry compared to many other developing markets and potentially higher returns and greater organic investment opportunities," Datatec Chief Executive Jens Montanana said in the statement. This pitch shall be an opportunity for Datatec for setting its footprints in India, as Inflow has its hold on nine prominent cities of the country. Thus, it shall also allow Inflow to increase the market share make alliances with new technology vendors and expand into new geographies, as accepted by Byju Pillai, CEO of Inflow Technologies. Inflow's revenue is reported to be $32 million, and it has around 130 employees. It operates on 'Technology Enabler' business model which ensures integrated solutions using best of breed technologies and services are delivered to customers through leading System Integrators and Resellers across 12 locations in India and Sri Lanka.

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