Manhasset Hills, NY USA – May 5th 2016
Innovation Incubator Inc. USA, an accelerator with focus on innovation through disruptive change has today announced definitive agreement to invest in 3E IT Solutions Private Ltd. India, a mobility solutions business. Innovation Incubator bets in strategically aligned emerging technology businesses with Industry IQ in addition to vertical industry specific startups with large market capitalization potential.
3E IT Solutions has been a leading provider of business enabler IT solutions in mobile, web and cloud for the past decade.Through technology evangelization and adaptation, 3E IT Solutions has built successful relationships with enterprises and start-ups alike, across various industry verticals, in application development, SaaS product engineering, and front-end user experience design.
“Mobility is central to the creation of next generation offerings. Our solutions facilitate better collaboration within organizations, multi-channel content delivery, gamification, business intelligence and smart appliance control. Our core focus will remain on mobile product engineering, on-demand mobility and enterprise mobile solutions. Innovation Incubator brings a unique mix of experience in scaling technology focused companies from a services and a product perspective. We believe this synergy will be a key catalyst in the accelerated growth of 3E IT Solutions over the next 5 years.” said J Boby, CEO of 3E IT Solutions Private Ltd India.
The transaction is expected to complete this month, subject to regulatory approvals. On completion of the transaction 3E IT Solutions will continue as an Innovation Incubator portfolio company, led by J Boby.
This strategic tie-up is expected to significantly increase 3E IT Solution’s reach into global markets. Over the past few years, mobility and cloud has emerged as the most disruptive and transformational technology mandate in sustaining business operations and value-chain interactions, and growing revenues. With an increasing number of services and enterprises moving towards mobile transformation, 3E IT Solutions is uniquely positioned to address this rising market opportunity through mobile strategy consultation, custom application development, SaaS constructs, and BaaS solutions. 3E IT Solutions is headquartered in Technopark, Kerala; one of India’s first and largest IT park, from where close to 290 IT/ITES companies operate.
“There is an explosive growth in the need for personal, commercial and on-demand mobility services”, said Antony Satyadas, CEO of Innovation Incubator Inc. USA. “Mobility changes the way we perceive, communicate, work, and interact with the world around us. The deep domain expertise that 3E IT Solutions brings will allow us to fulfil this paradigm shift from traditional processes to digital processes, through a convergence of technologies encompassing mobility, IoT and cloud computing”
ABOUT INNOVATION INCUBATOR INC. USA
Focused on incubating to accelerate the first mile and guiding the journey to the last mile, we create and spin off IT solution companies with very large market valuation potential. Headquartered in New York, we also have presence in Boston, MA Leesberg VA and Freehold NJ in USA and Trivandrum, Kerala in India.