Amid its strategic move in the technology landscape, Esconet has announced that the company is in the process of acquiring the majority stake in the cybersecurity and technology consulting firm Fluidech IT Services Pvt. Ltd. with the aim of strengthening its market presence by adding key verticals of IT infrastructure to its offerings.
Founded in 2014, Fluidech has been at the forefront of cybersecurity, delivering premium services in Governance, Risk & Compliance (GRC), Security Operations Center (SOC), and various other areas. Demonstrating a consistent history of aiding businesses in improving their security and compliance frameworks, Fluidech has gained the confidence of clients throughout the US and APAC regions.
Sharing his pleasure on this acquisition, Santosh Agrawal, MD, Esconet Technologies Ltd said, โThis move of acquisition in Fluidech strengthens our expertise in cybersecurity, cloud, and DevOps, enabling us to deliver more robust and innovative solutions to our clients. Together, we are set to redefine the future of digital transformation and security.โ
The acquisition is estimated to be a high-value development for Esconet Technologies, as with Fluidech bringing into the fold, Esconet has outreached its expertise in cybersecurity, DevOps, and cloud. This allows the company to provide enhanced, customized solutions that support its clients in scaling efficiently, maintaining security, and achieving sustainable growth.
With this significant strategic move, the firm strengthens its market position and presence in the Indian tech market. Esconet is perfectly aligning its ongoing vision to empower its businesses in thriving the ever-evolving digital landscape with utmost confidence and resilience. However, the planned acquisition is still pending approval from shareholders and the stock exchange.
Esconet Technologies started as a system integrator firm providing IT services to multiple companies in the IT infrastructure and later grew to become a trusted manufacturer, advisor, integrator, and service provider. With the recent development, Esconet is about to expand its capabilities by acquiring a controlling stake in Fluidech IT Services Pvt. Ltd., further solidifying its position in the cybersecurity and technology consulting sector. This strategic move aims to enhance Esconet's service offerings, ensuring comprehensive solutions for its clients in the rapidly evolving technology landscape.
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