- Signs MOU with IT major having a dominant presence in the Middle East and North Africa

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Mumbai, February 14, 2011:

Tricom India Limited (Tricom) has signed a Memorandum of Understanding (MOU) with Tech Access FZ LLC (Tech Access), a leading value-added IT distributor, providing end-to-end business solution to the enterprise andd mid-market sectors. With a turnover in excess of $120 million, Tech Access is well established with a strong network of resellers spanning the geography. The company's operations extend to over 16 countries across the Middle East, Levant and North Africa.

Under the terms of the MOU, the scope of the strategic alliance will include Tech Access to represent Tricom’s business interests in the Middle East & North African region. Through Tech Access and its channel partners, Tricom has gained access to a bigger market with wider business audience. This association represents an opportunity to market the widespread services & solutions more efficiently then ever before.

“Our partnership presents an enormous range of potential benefits. This strategic collaboration provides an excellent fit for our strategy of foraying into the Middle East & North African markets, offering innovative & customized  IT services & solutions”, said Tricom India Limited, Managing Director, Mr. Chetan Kothari.

Mr. D. P. Sharma, CEO, Tricom India Limited said,This MOU is a path forward for Tricom’s IT services business. This process will build a strong foundation for us to target the Middle East and North African markets. This partnership will focus on providing the state- of- the art IT solutions encompassing technologies in the ERP (SAP, Oracle), Business Intelligence and Data Warehousing and Microsoft Business Solutions targeted at Industry Verticals like Oil and Gas, Government, Manufacturing & BFSI”.

About Tricom India Limited

Tricom India Limited (Tricom) (BSE Code: 531675, NSE Code: TRICOM) is a leading IT and ITES provider offering unconventional experience, powered by a combination of domain expertise, process skills and superior technology to the clients. Tricom has been delivering services across the globe in BPO Services, Enterprise Resource Planning, Business Intelligence and Data Warehousing, Emerging Technologies & Offshore Software Product.

Tricom has in-depth expertise in delivering generic document conversion services and process-specific solutions in areas like Forms Processing, Title Plant Maintenance, e-Publishing, and Health Care Support Services. Tricom’s spectrum of business solutions embrace wide range of industries including Government Bodies, BFSI , Manufacturing, Telecom, Healthcare, Utilities Legal Firms, Retail Chains, Large Publishers and Media Houses.

Tricom has presence in India, UK and USA and is listed on the BSE, NSE and Luxembourg Stock Exchange. Tricom is certified ISO 27001:2005, ISO 9001:2008 & Software Asset Management (SAM). For more information, visit Tricom at www.tricominfo.com

Safe Harbour:

Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

News Source : - Signs MOU with IT major having a dominant presence in the Middle East and North Africa

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