Inspira Enterprise, a global IT solution provider, announced its partnership with iRAM Technologies, specialised in smart street lighting and parking solutions based on Internet of Things to develop convergent solutions for India’s smart cities.
Apart from infusing fund in the company, the stake sale will give iRAM access to Inspira Enterprise’s sales force and established relation with government verticals in the smart city space. iRAM will use this investment for new product development, feature enhancement in existing products, build on their R&D and hire new talent. Also, Vishal Jain, Director, Inspira Enterprise, will join the board of iRAM.
“Inspira is on a mission to help its clients with their digital transformation. Since every expertise cannot be home grown, we collaborate with best talents and complement each other’s strengths to offer the best to our clients. We are very excited to formalize our relationship with iRAM. We strongly believe our collaboration with iRAM will open new doors of innovation and opportunity. Inspira will leverage products, solutions and capabilities of iRAM to deliver cost-effective and efficient citizen services to urban and rural communities,” says Manoj Kanodia, CEO, Inspira Enterprise.
Udaya Bhaskar Rao Abburu, CEO & Managing Director, iRAM Technologies, said, “This investment is significant for iRAM Technologies, as besides infusing fresh funds in the company it will give us access to Inspira’s well entrenched sales team and their existing relations with government agencies. This is a strategic move that will give fillip to the growth strategies of iRAM and help us emerge as a key player in the smart city solutions space.