Released on: February 27, 2008, 1:22 am

Press Release Author: Deep raj

Industry: Software

Press Release Summary: Icreon, an indigenous company head quartered out of Noida
recently announced that it had picked up a 33% equity stake in a London based web
agency, Openwater Interactive.

Press Release Body: Icreon, an indigenous company head quartered out of Noida
recently announced that it had picked up a 33% equity stake in a London based web
agency, Openwater Interactive. Icreon had already been working with the Openwater
Interactive for the last 3 years as an outsourcing partner but this move is likely
to help Icreon strengthen its business in the UK market.
Mr. Himanshu Sareen, Managing Director of Icreon ( India ), commented - "As a
stakeholder in Openwater Interactive, we now expect to be more aggressive in the UK
market. We will now operate 2 brands out of the UK - Icreon UK which would be
focused towards software outsourcing and Openwater Interactive which will continue
to work as a local web agency. We have an excellent understanding and working
relationship with the promoters of Openwater and we expect this move to greatly
benefit both companies."
This deal has been done through Icreon's subsidiary in the UK - Icreon
Communications UK Ltd.
The Icreon Group was incorporated in January, 2000 and currently employs
approximately 180 personnel and is largely focused on offshore software development.
The group also owns a company that provides enterprise solutions by means of a
channel partnership with SAP India.
For More details Visit:

http://www.icreonglobal.com
Or
Icreon Communications Pvt. Ltd.
C-103, Sector 2, NOIDA
U.P. 201301
India.
Tel. (+91) (120) 4030000
Fax. (+91) (120) 4030001
Email: solutions@icreon.com


Web Site: http://www.icreonglobal.com

Contact Details: Icreon Communications Pvt. Ltd.
C-103, Sector 2, NOIDA
U.P. 201301
India.
Tel. (+91) (120) 4030000
Fax. (+91) (120) 4030001
Email: solutions@icreon.com