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ITC Infotech eyes buyouts in AI, automation, cyber security, IoT space

ITC Infotech has also started the process of setting up its first software development centre at Rajarhat, Kolkata

Press Trust of India  |  Kolkata 

A man talks on his mobile phone as he walks past an ITC office building in Kolkata. Photo: Reuters
File photo: A man talks on his mobile phone as he walks past an ITC office building in Kolkata. Photo: Reuters

Infotech, a subsidiary of Ltd, is looking for buyouts in the space to become a futuristic software firm.

The company has set a budget ranging from $25 million to $50 million for this purpose, Sushma Rajagopalan, MD and CEO of Infotech, said.


"We are looking at dealing in artificial intelligence, machine learning, cyber security, Internet of Things, and robotics," she explained.

The CEO also said that the company wants to be in the gamut of futuristic developments as a software services provider.

"We will acquire (a firm) only when we know it is the right one," she told reporters on sidelines of Infocom 2017 here today.

Meanwhile, Infotech has also started the process of setting up its first software development centre at Rajarhat in the metropolis.

Rajagopalan, however, declined to comment on the

First Published: Fri, December 08 2017. 13:23 IST
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