InflexionPoint acquires stake in Iris

 As per the latest update, Inflexionpoint Acquisition Corporation (Inflexionpoint)   and Iris Computers Ltd have announced that they have completed the  Share Purchase Transaction where Inflexionpoint has acquired controlling stake in New Delhi based  Iris Computers Ltd.  This is the second significant acquisition by Inflexionpoint in Asia.  Earlier this year it had completed acquisition of Singapore based IT Component Distributor, Dragon Technology Distribution. With Iris and Dragon acquisitions, Inflexionpoint has consolidated over 700 MN USD in annual distribution revenues spread over 9 countries in Asia Pacific. 

Founded in 1996 by Mr Sanjiv Krishen and his two partners, Iris Computers is a Tier 1 National IT Distributor with headquarters in New Delhi. The company distributes computer systems and peripherals, from leading OEMs like IBM, Lenovo, HP, Dell, Samsung, Acer, HCL, Canon, Western Digital, and APC through its network of 34 branches throughout India.

“Iris acquisition provides us with a robust and scalable platform to grow Inflexionpoint distribution operations in India and beyond. We are impressed with the Iris team’s market knowledge, execution capabilities and customer orientation. Mr Sanjiv Krishen, Chairman of Iris, brings vast experience and relationships with customer and vendor partners to the group.” said John Sculley, Managing Partner of Inflexionpoint .

As per company, Mr Sanjiv Krishen shall continue to lead Iris Computers as its Chairman. In the newly reconstituted board Mr Neeraj Chauhan (CEO Inflexionpoint Asia) and Vishal Sopory has been appointed as Directors.