Sterlite Technologies has agreed to acquire Elitecore Technologies, an OSS/BSS provider that is majority owned by First Carlyle Ventures Mauritius. Elitecore was established in 1999 and has made significant inroads in both Indian and global telecoms operators, expanding its geographic footprint to include South East Asia, Middle East & Africa and lately Eastern Europe and Latin America.
Elitecore has been continuously profitable for the last seven years and the financial performance is expected to continue to improve given the strategic decision to build its service capabilities and focus on investing in right growth product categories, the company says.
The acquisition would widen Sterlite’s telecoms portfolio of offerings to its global customers – in addition to its current offerings comprising optical products and allied system integration services. Sterlite will now offer industry leading software solutions for operations support, business support and revenue management.
Sterlite has taken a strategic decision to capitalise on broadband data network creation globally by offering a larger range of products and systems focusing on high value product segments. Elitecore’s portfolio enables Sterlite to serve CSPs’ mission critical applications that drive profitability and scalability.
