  Innovis Telecom, a telecom networking services, has received an undisclosed amount of investment from Nokia Growth Partners for its expansion into various markets in Asia-Pacific region.
The global market for managed services that Innovis deals with is expected to grow to $112 billion by 2012 from $85 billion in 2010, thus providing scope for Innovis to grow in the market.
Innovis is an end-to-end provider of services for building wireless and broadband telecom networks with operations in India and SAARC, Bangladesh, Indonesia, U.S and Africa.
“We differentiate our services by leveraging technology instead of depending on raw manpower. Additionally, we leverage our solid base in India to have a highly competitive cost base. These factors are creating immense value for our shareholders and hence the interest from investing firm”, said Kapil Sharma, Co-Founder and CMO, Innovis Telecom, says,
“Among Indian companies, our main competitors are GTL and Sasken and internationally we compete with companies like Aircom International, Lemcon Networks and others”, he added.
“We also see great opportunity for the operational model pioneered in India expanding in other markets. Innovis has deep domain expertise, is well regarded in the industry, and is already offering a range of advanced consulting and advisory services in South East Asia and Africa,” Mr Upal Basu, Managing Director, Nokia Growth Partners, said.
Nokia Growth Partners work closely with the promising companies adding value through deep domain expertise and network in the mobility market combined with many years of venture investment and operating experience. Some of their portfolio companies are Adknowledge, Fashion and You, dealsandyou, Quikr, netmagic and many more. |