Sweden-based telecom gear manufacturer, Ericsson has invested in Novatium Solutions Private Ltd. which specializes in offering computing services.

Ericsson has acquired minority stake in the Chennai-based company. Novatium now aims to further expand its reach and also to foray in international markets. Novatium mainly offers its over the cloud platform.

Gowton Achaibar, head of Region India, Ericsson, said, “The business concept PC as-a-service is a strong offering addressing an important growing segment in the Indian market. With this engagement I see potential business synergy benefits to both Novatium and Ericsson and our respective customers.”

Alok Singh, CEO Novatium Solutions Pvt. Ltd. said, “This strategic relationship with Ericsson encompasses a great opportunity for Novatium as we are partnering with a global organization with the best technology know-how, which will help us develop our offering and introduce it to new markets.”