Iris Computers is thinking big setting a target of emerging as one of the top 3 national distributors and is eyeing Rs. 6,000 crore turnover in 6 to 8 quarters. Iris is on the spree, bagging multi-crore projects in government and large enterprise space after being financially supported by Inflexionpoint founded by John Sculley.
In 2013, Inflexionpoint made two big acquisition in Singapore and India. The investor firm completed the Share Purchase Transaction, where Inflexionpoint acquired 99 percent controlling stake in Iris Computers. This was the second significant move in Asia after it completed the acquisition of Singapore-based IT component distributor, Dragon Technology Distribution.
With the Iris and Dragon acquisitions, Inflexionpoint has consolidated over $700M in annual distribution revenues spread over 10 countries in Asia Pacific.In the recent restructuring, Vishal Sopory of Inflexionpoint has been appointed CEO of the Iris Computers and is looking to make Iris as one of leading distributors in India. During his first interaction with the media Sopory said,“We have a mandate to become leading ICT Company in Asia pacific, with focus in Singapore and India.
Sanjiv Krishen, Chairman, Iris Computers said, “We started our operation in the year 1997, with a modest turnover of Rs 5 crore and over the period we have grown Rs 1,000 crore firm. We are a different distributor; we go out of our way to support our partners to close the deal. Today, we are one of the first ‘choices’ for any partners to work with. Collection of payments is no longer challenge for us.
The distributor has been on the growing curve, in this FY 2013-14, Iris witnessed Rs 2,000 crore turnover and next year it will be touching Rs 3,000 mark.
