//
1 min read

Esconet Technologies to Acquire Majority Stake in Fluidech IT Services

In a strategic move to expand its technological capabilities, Esconet Technologies has announced plans to acquire a majority stake in Fluidech IT Services Pvt. Ltd., a prominent cybersecurity and technology consulting firm. The acquisition aims to bolster Esconet’s market presence by integrating Fluidech’s expertise in IT infrastructure into its portfolio.

Founded in 2014, Fluidech has built a strong reputation for its premium cybersecurity services, including Governance, Risk & Compliance (GRC), Security Operations Center (SOC), and more. With a proven track record of enhancing security and compliance frameworks for clients across the US and APAC regions, the firm has established itself as a trusted partner for businesses.

Santosh Agrawal, MD, Esconet Technologies Ltd

Santosh Agrawal, Managing Director of Esconet Technologies Ltd., expressed his enthusiasm for the acquisition, stating, “This acquisition strengthens our capabilities in cybersecurity, cloud, and DevOps, enabling us to deliver more innovative and robust solutions to our clients. Together, we are set to redefine the future of digital transformation and security.”

The acquisition is anticipated to be a significant milestone for Esconet Technologies. By incorporating Fluidech’s expertise in cybersecurity, cloud, and DevOps, Esconet will enhance its ability to offer tailored solutions that help clients scale efficiently, maintain robust security measures, and achieve sustainable growth.

This strategic development reinforces Esconet’s position in the Indian tech market and aligns with its vision of empowering businesses to navigate the dynamic digital landscape with confidence and resilience. However, the acquisition is subject to final approval from shareholders and regulatory authorities.

Initially established as a system integrator providing IT services, Esconet has evolved into a trusted manufacturer, advisor, and service provider in the IT infrastructure space. With the acquisition of Fluidech, Esconet aims to further solidify its standing in the cybersecurity and technology consulting sectors, ensuring it remains at the forefront of delivering comprehensive solutions in the ever-changing technology landscape.

Leave a Reply

Your email address will not be published.