WeP Peripherals has acquired a majority stake in Select
Technologies, a city-based enterprise networking and network
security products, solutions and services company.
is the second major acquisition by WeP in two years. WeP
is the spun-off peripherals division of Wipro Infotech
and became a separate corporate identity in September
Technologies will now be a subsidiary of WeP Peripherals,
with WeP transferring its own networking and storage business
to the company.
WeP Peripherals managing director and CEO Ram Agarwal:
This acquisition is in line with WePs strategy
of 3 circles of change, of growing in networking
/ communication, storage and convenience / personal mobility
products and services.
adds: Select will be able to leverage on WePs
reach and presence in 17 locations with 250 direct partners
and 12,000 resellers across India. Select will now be
the networking, network security and storage arm of WeP.
Peripherals already enjoys a leading market share in Impact
printers, UPS and laser printers and has identified networking
and storage as another new growth area.