ITC Infotech Acquires Blazeclan Technologies for ₹485 Crore to Boost Cloud Services

3 Oct 2024 , 11:21 AM

On October 1, ITC Ltd announced the acquisition of 100% of Blazeclan Technologies by its wholly-owned subsidiary, ITC Infotech India Limited, for ₹485 Crore.

Blazeclan Technologies is recognized as an AWS Premier Partner and Snowflake Elite Partner, indicating its strong credentials in cloud solutions.

The company specializes in cloud transformation services, including cloud migration, digital services, digital cloud consulting, and data analytics and insights. In the financial year 2023-24, Blazeclan achieved a turnover of ₹294.57 Crore, showcasing its financial performance and market presence.

Blazeclan operates in various countries, including India, Singapore, Australia, Malaysia, the Philippines, New Zealand, Belgium, the USA, and Canada, highlighting its global footprint.

The acquisition aims to enhance ITC Infotech’s capabilities in managing multi-cloud and hybrid cloud environments, positioning the company for future growth. By focusing on developing a partner ecosystem, ITC seeks to accelerate its growth trajectory in the cloud services market.

This strategic acquisition is expected to strengthen ITC Infotech’s commitment to supporting clients in their digital transformation efforts, ultimately leading to improved business outcomes through enhanced cloud capabilities.