ETPL joins ERI Group

Sri Lanka's leading Systems Integrator - Enterprise Technology (Pvt) Ltd (ETPL) - recently joined Environmental Resources Investment PLC (ERI) Group of Companies under Olancom (Pvt) Ltd, via a preference share issue of 10 million shares with a 12 percent coupon and an option to convert to ordinary shares at Rs. 10 per share totalling Rs. 100M.

The fresh capital will be used to settle outstanding debts and expand ETPL's operations to become the market leader in the enterprise solutions industry in Sri Lanka.

Staffed with highly skilled professionals and experts in Information and Communication Technology (ICT), ETPL provides services and solutions such as design, implementation and support for Data Centres, IP Telephony, Network Security, Optical Fiber Networks and Routing/Switching Networks.

The company's expertise in providing leading edge enterprise solutions spans over 10 years.

ETPL's clients include prestigious names such as Sri Lanka Telecom, Dialog, Sri Lanka Ports Authority.

In providing these solutions, the company partners with state-of-the-art world renowned technology partners such as CISCO, EMC, Oracle, Microsoft, and HP amongst others.

"We are delighted to have joined ERI's group of companies, under our parent Olancom.

We (ETPL) were a solid company before, but now with ERI's financial backing and Olancom's management support, we look forward to capitalise on the tremendous opportunities at hand.

Timing could not have been better as Sri Lanka is taking massive strides towards infrastructure development." said Director/CEO ETPL Kithsiri Gunasekera. "The ICT industry is the catalyst for developing connected economies, which can bring new opportunities for people in this country. ETPL has successfully completed some of the largest ICT projects in Sri Lanka, and combined with the financial strength, far-sighted management and good governance policies of ERI and Olancom, we can now spread our wings and soar to new heights in the ICT arena and bring the benefits of connected economies to Sri Lanka", he added.

ERI's strategic vision for Olancom - ERI's Information and Communication Technology holding company - is to play a dynamic role in the ICT sector in Sri Lanka which has tremendous potential to transform existing industries and build new knowledge based businesses as the country makes rapid progress.