Germany's Comparex Group Acquires IRIS Unified Technologies

24 Oct, 2011

Germany's Comparex Group has acquired New Delhi-based software consulting and technology services specialist IRIS Unified Technologies Ltd for an undisclosed sum, the company has said in a statement. Following the acquisition, IRIS will operate under the Comparex brand. The company will also focus on leveraging the potential of the Indian market for the Comparex Group. IRIS managing director Navin Kapur will continue to head the Indian entity that currently employs more than 70 people. In addition to software procurement and consulting, IRIS will also provide maintenance, professional services, remote management, security services and IT training. The company is further involved in packaged software sales and specialises in software customisation and integration. Founded in 2001, Iris caters to over 400 clients including a diverse range of Fortune and SME companies. "With this acquisition, we will be able to expand our position in a newly established market. The gradual development of a standardised portfolio at all subsidiaries within the group will be next on our agenda in India," Dr Klaus Elsbacher, CEO of Comparex, commented on the acquisition. The Comparex Group is a manufacturer-independent IT services provider with more than 30 years of industry exposure. Besides software procurement and licence management, the group's portfolio includes an extensive cross-vendor consulting and services package from a single source. Comparex is one of the leading Microsoft Large Account Resellers (LAR) in Europe and has more than 2,300 certifications from approximately 55 suppliers such as Citrix, VMware, Adobe, Symantec and McAfee, as well as Hitachi, IBM and EMC. The company employs around 1,700 people across 75 sites in 28 countries of Europe, Africa and Asia.