InflexionPoint acquires stake in Iris

InflexionPoint Technologies and Iris Computers have entered into a Share Purchase Agreement where InflexionPoint has acquired a stake in Iris. 

This is the first investment by InflexionPoint which is in the process of aggregating IT Distribution companies in Asia. It recently announced a Share Purchase Agreement to acquire a majority share in a Singapore based IT Component Distributor, Dragon Technology Group. 

“Our investment in Iris will provide us with a robust IT Distribution platform in the Indian market, which will be an important part of our Asian operations” said John Sculley, Chairman of InflexionPoint. “We are impressed with the Iris team’s market knowledge, execution capabilities and customer orientation. Sanjiv Krishen, Chairman of Iris, brings vast experience and relationships in IT Distribution to the group. We are happy to report that Mr. Krishen has agreed to continue leading the company after the completion of the transaction as well.” added Sculley. 

“We are delighted to be associated with InflexionPoint for their investment in India. Iris has been a National Distributor of choice in India for leading IT brands. We are confident that InflexionPoint will further accelerate our growth and cement our position as a leading IT distributor” said Sanjiv Krishen, Chairman and Managing Director of Iris Computers.

Founded in 1996, 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 and APC through its network of 34 branches throughout India.