Web Spiders makes strategic investment in Netwings

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Today the company announced that Web Spiders has signed an agreement to take a strategic equity stake in the Fibre-Optic Networking and GIS company Netwings Infotech Private Limited.

This deal creates one of a kind end-to-end capability for the group which comprises of Web Spiders (www.webspiders.com), Supreme & Co. (www.supremeco.com), and now Netwings (www.netwingsinfotech.com).

An elated Harish Agarwal, Director of Web Spiders & Supreme & Co. remarked:

“Supreme provides end to end solutions by executing engineering, procurement and construction contracts and Web Spiders is an established software services provider in over 10 countries. With the investment in Netwings, this provides our group customers unparalleled systems integration expertise in large scale networking & GIS Solutions.”

This combine now comprises a group with over $55 million in revenues, offices across India, US and Europe, and provides customers an unprecedented end-to-end corporate IT solution and manufacturing provider.

Speaking on this occasion, the CEO of Netwings Debashish Mallick said, “This deal with Web Spiders and Supreme & Co. will make Netwings Infotech Pvt. Ltd. a more powerful and a globally recognized company”

Anit Ghosh – Director and Head of GIS & Weather services added: “GIS and weather data is essential today to all large projects and this integrated offering will position us as a market leader.”

Also present was Siddharth Jhunjhunwala, Founder CEO of Web Spiders, who said, “For me this marks a return to the networking business since the first venture Leo Compuware. From manufacturing to software to systems integration – this is a phenomenal development.”

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About Netwings Infotech Private Limited (www.netwingsinfotech.com)

NIPL (Netwings Infotech) provides services in the field of networking & GIS such as designing, integrating and managing large projects using varied & latest communication technologies and human resources trained for the purpose to cater to the needs of their clients. Their range of activity also includes Facility management, Network Audit, Project Management, Network Administration, AMC for maintaining LAN System, setting up of VPN’s, VoIP (both Hardware & Software Solutions), and Wireless Solutions etc. It is headquartered in Kolkata with direct branches in India and other group branched overseas in UK and USA.

About Web Spiders (www.webspiders.com)

Web Spiders is focused on delivering Rich Apps for Enterprise Mobile and Internet platforms. It is a 12-year old niche software consulting company with over 200 employees developing “cool” enterprise applications on BlackBerry, iPhone, Windows Mobile, Symbian and Desktop-style Web applications using Flex, AJAX and Silverlight.

Technology & Design solutions from Web Spiders address the Digital 3C needs of its Fortune 2000 customers across Content, Community and Commerce.

Founded in 2007, it has offices across India, UK and USA is certified as per ISO 9001:2000

About Supreme & Co. (www.supremeco.com)

Established in 1970 as a Fasteners manufacturing unit, Supreme & Co. has been exporting its products since 1975 and has since evolved into India’s leading manufacturer and exporter of products for Power Transmission and Distribution, Construction, Railways, Telecom and Engineering Industries.

Supreme & Co. has been accredited with ISO-9001:2000 certification by BSI Limited. (Its principal directors are shareholders in Web Spiders)

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