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Montrose to Acquire Domestic Market Leader in India - Speaking at the launch of Montrose active products - 8, 16 and 24 port networking switches Montrose Network Corporation expressed its intention to acquire domestic networking player
Montrose to Acquire Domestic Market Leader in India

 

NewswireToday - /newswire/ - Gurgaon, Haryana, India, 2010/07/16 - Speaking at the launch of Montrose active products - 8, 16 and 24 port networking switches Montrose Network Corporation expressed its intention to acquire domestic networking player.

   
 
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Montrose Network Corporation today announced that the company is open for acquiring a leading domestic player to increase its customer base in India. Speaking at the launch of its “Switching Product Range of 8/16/24 Ports for Fast Ethernet” in Asia Mr. Prakash Singh, Director of Montrose said – “We are extremely happy with the positive response received from the customers for our World Class products. Today we have customer base in all sectors; Education, Residential, Enterprise, Hospitality, Retail, BFSI, and Telecom.”

On current Go to Market strategy, he said – “while we are engaged with more than 200 System Integrators and 10 Distributors across India, our endeavor to reach out to more customers still creates opportunity for other partners to join us”.

Speaking about company’s future growth, he said – “while we are on track with our organic growth plans,we have also engaged a domestic investment bank to support our in-organic strategy. A company with revenue base of more than INR 100 Crore and strategic fit, will be good to look at.

As Montrose completes one year in India, the company’s management is confident of gaining 13-14% market share as per their initial target by 2012.

About Montrose Network Corporation (MNC)

MNC (montrosenetwork.com) began operations in late stages of World War II with a commission from the USA government to manufacture field wire for military communications. Montrose was the first cable manufacturer which became famous for developing "Data Specialty products.”. MNC has worldwide base of satisfied customers and trusted for value of money products.

 
 
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Written by / Agency / Source: Montrose Network Corporation

 
 

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Montrose to Acquire Domestic Market Leader in India

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Publisher Contact: Swina Mani - MontroseNetwork.com 
+91 12 44509924 swina.mani[.]montrosenetwork.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Montrose Network Corporation securities in any jurisdiction including any other companies listed or named in this release.

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