Accel Frontline acquires 100 pc equity share capital of FTC

Mumbai, Mar 25 (UNI) Accel Frontline announced the completion of acquisition of 100 per cent equity share capital of Frontline Technologies Corporation (FTC), Singapore.

The new company started its operations under the new brand name of BT Frontline. Accel Fontline is now a 51 per cent subsidiary of BT Frontline.

BT Frontline provides IT consulting, IT infrastructure services, systems integration and IT outsourcing to local, regional and multinational customers with a strong presence in the financial services, transportation, manufacturing, telecommunications, education, health care and public sectors.

It complements BT's existing networked IT services and IT solutions capabilities as BT Frontline has an excellent reputation for delivery of complex solutions and network management services within the Asia Pacific region.

In the Asia Pacific region, BT will conduct business as usual under the BT brand-name. Frontline will operate along side BT as BT Frontline. By using this co-branding approach BT Frontline will be able to maintain and leverage the regional brand equity and goodwill of the Frontline name.

BT Frontline's wholly owned operations include undertakings in Singapore, Malaysia, Dalian and China and they will operate with immediate effect under the BT Frontline brand. BT Frontline also has additional significant subsidiaries and associate companies which will continue operating under their existing brand names.

These include Accel Frontline (India) - a joint venture in which BT Frontline holds 51 per cent and is listed on the Indian National Stock Exchange and the Bombay Stock Exchange and MDCL Frontline based in Beijing in which BT Frontline holds a 47 per cent stake, G-Able an associated Company in Thailand.

As part of its strategic partnerships with Sun Microsystems, BT Frontline has also set up a number of joint venture Companies with Sun Microsystems in the Philippines, Indonesia, and Vietnam.

UNI AR NM AG1937