...Eyes Acquisitions, Plans IPO
WeP Peripherals Ltd is all set to look at inorganic growth and an IPO is part of its ramp-up plans. The company has also gone in for a name change - WeP Peripherals Ltd - and will not carry the Wipro Branding (as part of the agreement during the spin-off) after 2003. The IPO will provide us with an exit option for investors and also currency for acquisitions. We have already initiated dialogues with small companies in the areas of storage/communication and convenience products for potential acquisitions, Mr Aggarwal said.
The new Network of Printers initiative is estimated to be kicked off by the end of 2002. In the case of this new initiative, we are looking at roping in corporate clients with significant printing requirements. They can use our network to print documents across their offices on our network backbone, and pay only for the number of prints they take. Once implemented, the company can even choose to print a document at their Bangalore office from their office in Delhi, WeP managing director and CEO Ram N Agarwal told eFE.