1)Scripscan:Accel Frontline Ltd
cmp:45
Code:532774
Story:Accel Frontline Limited, formerly known as Accel ICIM Frontline Limited, is an end-to-end information technology (IT) services provider. It operates in four business units. The IT Infrastructure Solution unit helps customers to assess, build, deploy and optimize IT infrastructure for mission critical applications. This unit offers technology products and solutions, data/storage consolidation management, enterprise network deployment, disaster recovery/business continuity platform, and IT security consulting and implementation.The IT Infrastructure Management Services unit is engaged in system integration, facilities management, software services and outsourcing. The Enterprise Software Solutions unit specializes in providing enterprise resource planning consulting, application management, custom application development and Web services. The Business Process Outsourcing Services unit provides warranty outsourcing and technical helpdesk services to 10 IT and telecom product companies.It plans to leverage its strategic alliance with Singapore-based Frontline Technologies Corporation, its key promoter, to expand in the Far-East region.Accel's IT infrastructure solutions group offers solutions by partnering with leading technology companies such as Sun, IBM and HP.Using these partnerships, the company is providing solutions in the area of data centres, storage management and disaster recovery. The demand from this segment is poised to grow sharply in the coming years.AFL plans to geographically diversify its revenue stream as currently >90% of the same is generated domestically. Towards this, it aims to enter into partnerships or set up branches in Middle East, Far East and North America.It is also endeavouring to increase its scale of operations by exploring inorganic means. It is currently scouting for possible acquisitions and is in talks with a Mumbai based outbound voice based BPO and a Chennai based banking software company.This would enable it to achieve its stated objective of strengthening its BPO and product offerings and also achieve scale in these segments.The strong relationship with Frontline Tech has not only stabilised AFL’s business model, but also given it the much needed growth impetus. Though the present valuations does not appear cheap, the growth prospects and acquisition plans of the company coupled with the active backing of Frontline, should facilitate it to emerge as a integrated IT solutions player.Looks to be a good buy.
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