PAN India Corp Ltd acquired Neat Developers
PAN India acquired Neat Developers Ltd., provider of information technology services. The company is headquartered in India. PAN India Corp Ltd, based in New Delhi, India, provides information technology services. It also develops computer software applications.
Announcement Date: December 30, 2008
Deal Value: Undisclosed
CSC acquires Object Builder Software
CSC acquired Object Builder Software (OBS), a Bulgarian information technology (IT) services firm. The all-cash acquisition expands CSC's global delivery capabilities and complements the company's network of lower-cost centers in Eastern Europe, providing clients with expanded industry vertical expertise, time zone coverage, and technical and language skills. The addition of OBS expands CSC's financial services and high technology capabilities in Europe, offering clients a stable workforce with low turnover and competitive hourly rates. Under the terms of the agreement, all OBS employees are expected to transfer to CSC, providing software development and systems integration support to CSC clients in five languages, including English, French, German, Russian and Bulgarian. Bulgaria's reputation as a low-cost Eastern European country strategically positioned to serve both Western and Eastern Europe enables OBS to operate as a nearshore delivery center for CSC's European clients. The OBS acquisition is part of CSC's strategy to expand the company's global network by opening centers in locations previously untapped by competitors.
Announcement Date: December 11, 2008
Deal Value: Undisclosed
Ementor ASA acquires Telindus Sweden AB
Norwegian IT infrastructure provider Ementor ASA said that its Swedish arm, Atea, has agreed to acquire the business activities of the ICT consultancy Telindus Sweden AB from Telindus NV. Ementor, headquartered in Oslo, Norway, is a leading Nordic and Baltic provider of IT infrastructure services and products. The company has over 4,300 employees in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania and Russia and has annual revenues of approximately NOK15 billion.
Announcement Date: December 8, 2008
Deal Value: $ 1.3 Million (Cash)
Onyx acquires Dundas
Onyx (UK) has acquired Dundas IT, a specialist IT firm providing managed IT services for over 100 customers in Edinburgh with a professional service focus. The acquisition builds upon Onyx’s existing presence in Scotland, with offices already in Falkirk and Glasgow, and a data center and work place recovery facility in Glasgow. Onyx Group has a trusted relationship with its 3,000 customers and the deal strengthens the company’s links with the city’s financial markets and professional services companies, bolstering services on offer and enhancing its current skills base. The deal is the third acquisition for Onyx Group this year, following a takeover of Scotland’s Campbell Lee Plc and Newcastle Computer Services in the North East. It falls in line with Onyx’s growing national remit supporting customers throughout the UK from their three Scottish bases, two offices in North East England and a further site in Slough. The company also manages data centres in Newcastle, Middlesbrough, and Glasgow, with workplace recovery facilities in Newcastle and Glasgow and an international base out in Dubai.
Announcement Date: December 4, 2008
Deal Value: Undisclosed
Trifork AS acquires Nordija AS
Danish software developer Trifork AS has agreed to acquire the consulting operations of Nordija AS in an all-shares deal. The acquired operations will form the new company Trifork Projects Copenhagen, in which Trifork will have a majority holding of 51% and Nordija's shareholders 49%. The new company will initially have eight employees. Nordija said that the transaction will enable it to focus on its core business of developing IPTV software. Trifork, headquartered in Aarhus, Denmark, develops and supplies software and IT services for the financial and public sectors. The company has 80 employees and expects to achieve a turnover of DKK90-100 million in 2008.
Announcement Date: December 3, 2008
Deal Value: Undisclosed
EQT Partners and ATP Private Equity Partners to acquire KMD A/S
EQT Partners and ATP Private Equity Partners have agreed to acquire KMD A/S, a Danish provider of IT solutions to local municipalities. EQT will hold an 85% stake, while ATP will hold the remainder. The transaction is to be funded with 50% leverage, provided by Danske Bank, Nordea, Nykredit, FIH and ATP. KMD is a leading Danish provider of IT solutions. KMD develops complex and efficient solutions, mainly for Danish municipalities but has increasingly expanded its business to include the state and corporate markets. KMD has some 3,000 employees and in 2007 generated revenues in excess of DKK 3.2 billion. EQT and ATP consider KMD to be a very attractive business with a unique market position as a stable provider of quality IT solutions to Danish municipal and state clients. Against this background, and with the company’s platform in the private sector, KMD is well prepared to consolidate its position as one of Denmark’s leading IT businesses.
Announcement Date: December 2, 2008
Deal Value: $375 Million (Cash)
ITEC Intelligent Services acquires Solutions4Comms
The channel support services sector has witnessed further consolidation, with ITEC Intelligent Services acquiring the assets and customer base of datacomms support firm Solutions4Comms. The purchase will add about 20 resellers, systems integrators and distributors to ITEC’s client base. Solutions4Comms worked primarily in the legacy datacoms field with skills around vendors such as Lantronix. This is in contrast to ITECs focus on vendors such as Cisco, Huawei, Avaya, Riverbed and Tandberg. Before the deal ITEC outsourced its legacy datacoms work to Solutions4Comms but after the deal wants to present a futuristic model with a centralized group of engineers carrying out proactive services such as remote network management and monitoring.
Announcement Date: November 26, 2008
Deal Value: Undisclosed
eLandia DESCA Subsidiary to acquire Netxar Technologies
eLandia, a technology enabler of emerging markets subsidiary DESCA, a technology integration services company, is acquiring Netxar Technologies, a technology consulting and integration company specializing in the design, implementation and management of business-critical network and information technology solutions. Netxar’s twelve month trailing revenues were approximately 12 million. The transaction will also provide DESCA the ability to further consolidate its business operations in the technology services area with a comprehensive suite of solutions in the Caribbean region, including Puerto Rico and the Dominican Republic. Netxar operations, including its product portfolio, services and existing offices will be integrated into DESCA.
Announcement Date: November 25, 2008
Deal Value: Undisclosed
Serco Group acquires InfoVision
In a first-of-its-kind acquisition of an India-focused BPO by a foreign company, the UK-based $6 billion Serco Group has bought out Gurgaon-based BPO major InfoVision. The deal marks the entry of Serco Group, a business services company, into India. The company has bought a 60% stake and will acquire the rest over the next couple of years. InfoVision group has about 10,000 personnel and 60 clients. Serco, which offers a whole spectrum of support services but did not have a presence in the BPO space prior to the InfoVision acquisition, plans to have a workforce of 20,000 in the next two to three years. The InfoVision buyout by Serco comes close on the heels of the $505 million TCS buyout of Citigroup Global Services, the captive BPO arm of Citi in India, and WNS Holdings acquiring Aviva Global Services, the outsourcing arm of insurance major Aviva, for $228 million.
Announcement Date: November 25, 2008
Deal Value: $76 million
AETEA acquires ecipient Technologies
AETEA Information Technology, Inc. is acquiring ecipient Technologies. ecipient provides information technology consulting services in the areas of enterprise application development, systems integration, enterprise reporting and analytics to leading commercial organizations, as well as federal, state and local governments. ecipient offers extensive domain expertise in the pharmaceutical manufacturing space, providing customized applications for clinical, regulatory, research and development needs as well as portfolio management. The company is a leading provider of web-based application development solutions in Microsoft .Net, Java/J2EE and other leading technologies using its "best fit" technology method. By combining ecipient's expertise with that of AETEA, the company will offer enhanced capabilities, particularly in the area of project-based solutions, to support their customers and projects.
Announcement Date: November 20, 2008
Deal Value: Undisclosed
INX acquires NetTeks Technology Consultants
INX, Inc. has acquired the operations of NetTeks Technology Consultants, Inc., a network consulting organization. NetTeks, founded in 1997 with a focus on network solutions, has built a strong reputation for delivering highly complex network solutions that are tailored to the business needs of their more than 200 clients. The company, an award winning Cisco Silver and Managed Services Certified Partner, was an early entrant in the Cisco Unified Communications market and has a great depth of experience in architecting, deploying and supporting Unified Communications solutions. INX is making a significant commitment to its presence and capability in the New England region. This acquisition, coupled with its existing Boston operations, will create one of its largest regions.
Announcement Date: November 18, 2008
Deal Value: Undisclosed
Flarium Ltd and FeatherySoft Company to merge
Flarium Ltd. (Canada) and FeatherySoft Company announced a merger agreement to create a new international company aimed at delivering IT products and services. The merged company will conduct business under the Flarium brand and be headquartered in Vancouver, Canada. Before merging, both Flarium Ltd. and FeatherySoft operated in the IT industry but had different spheres of activities. Flarium Ltd. specialized in providing IT services like localization, e-store solutions and outsourcing. FeatherySoft developed high-quality multimedia applications and other software products. Combining their operations not only gives the possibility to expand operations and the range of activities, it also helps to create a worldwide network of representatives and resellers to provide customers better support and service.
Announcement Date: November 14, 2008
Deal Value: Undisclosed
Comarch acquires SoftM
One of the leading Polish IT-companies, the stock-listed Polish IT-Group Comarch S.A., Krakow (Poland), with around 3,000 employees, acquires through its 100% German subsidiary Comarch Software AG, Dresden, a majority in SoftM Software und Beratung AG, Munich. The intention of this deal, which is supported by the management board as well as the supervisory board of SoftM AG, is to develop Comarch and SoftM into a leading supplier of IT solutions for medium-sized businesses throughout Europe. In total, Comarch group will have approximately 3,500 employees and sales of more than €200 million.
Announcement Date: November 14, 2008
Deal Value: Undisclosed
CoroWare to acquire LTC International
CoroWare, Inc., a systems and robotics technology integrator, is acquiring LTC International, Inc., an IT services and telecommunications consulting firm. LTC International's business consulting expertise is a strategic and logical complement to CoroWare's technical consulting capabilities. This merger will provide the combined customers with a more complete range of services and solutions and will offer both companies accelerated growth potential. CoroWare -- through its subsidiary CoroWare Technologies -- and LTC International plan to grow their operations by offering business and technical consulting services to their combined customers and by addressing the need for telepresence solutions by small- to medium-sized businesses and enterprise customers.
Announcement Date: November 13, 2008
Deal Value: Undisclosed
Satyam Computer Services acquires Motorola’s software development center
Satyam Computer Services has acquired Motorola’s captive software development centre (SDC) in Malaysia. Following the acquisition, all the 128 Motorola employees at the centre have become Satyam staff. “They will be doing what they have been doing,” Mr T.R. Anand, Head of TIMES (telecom, infra, media, entertainment and semi-conduct) vertical of Satyam, told Business Line. “This will help Satyam in acquiring capabilities in the areas like mobility and strengthen our presence in Malaysia,” he said.
Announcement Date: November 10, 2008
Deal Value: Undisclosed
Caperio Holding AB acquires Crux Holding AB
Swedish IT company Caperio Holding AB said that it has agreed to acquire the IT consulting company Crux Holding AB. Crux focuses on providing consulting services within communication, server/storage and telephony. The company has 20 employees in Orebro
and Stockholm and is expected to achieve a turnover of kr40 million in 2008. Caperio, headquartered in Stockholm, helps small and mid-sized Nordic companies to manage their IT purchasing operations. Following the acquisition, the combined company will have some 65 employees and an annual turnover of kr 385 million (US$49 million).
Announcement Date: November 7, 2008
Deal Value: Undisclosed
Vault Technology to acquire Presentation Concepts
Vault Technology, Inc. is acquiring Presentation Concepts Corporation. Founded in 1997, PCC is a multimedia services company specializing in audiovisual systems integration and IT services. Their products include large format displays, projection equipment, interactive whiteboards, control systems, digital signage systems, and video conferencing systems. PCC also specializes in e-mail, networking and web services to small and medium size businesses providing enterprise level products and services, including Content Management Systems, MS Exchange, Mobile Messaging, and Web Portals. PCC has demonstrated consistent growth and has developed an outstanding reputation in the audiovisual market. Their strong management team as well as their growth plans makes them an excellent foundation for Vault’s roll-up of A/V integrators.
Announcement Date: November 6, 2008
Deal Value: Undisclosed
InCode’s Management Buyout
InCode has successfully bought out its owner of the last two years, VeriSign, allowing the company to return to independence. VeriSign bought InCode in 2006 for $52 million.
Announcement Date: November 3, 2008
Deal Value: Undisclosed
Alpheon acquires Network Management Partners
IT services company Alpheon Corp. has acquired Raleigh competitor Network Management Partners.This is a significant milestone for Alpheon; the acquisition of NMP enables Alpheon to add a roster of valuable accounts to its customer base, continues to build on its market leadership position in the Southeast, and serves as a catalyst for future acquisitions and partnerships. Alpheon, which has about 25 workers, says it gets most of its revenue from IT services for physicians’ practices.
Announcement Date: November 3, 2008
Deal Value: Undisclosed
CRM manager to acquire Redxlerant
CRM manager, an on-demand software consulting firm, is acquiring Redxlerant Inc., a leading provider of CRM consulting and training. An authorized salesforce.com consulting partner, Redxlerant provides business and technology consulting and education services in the areas of CRM and sales and marketing support, helping clients plan, acquire, implement and integrate CRM software into their business. The merger of these two leading salesforce.com partners will enable CRM manager to become a national Software-as-a-Service consulting and integration firm.
Announcement Date: November 3, 2008
Deal Value: Undisclosed
ec4u acquires Siebel business of CIO Solutions GmbH
ec4u, a market leader in the German-speaking regions for services and software in the fields of CRM and BCM, has acquired the Siebel business of Berlin-based CIO Solutions GmbH. CIO Solutions offers customers of all industries a comprehensive range of services in the areas of CRM, e-Business, and IT Security. All the employees of Siebel CRM unit will be transferred to ec4u. Ec4u has offices in Karlsruhe, Munich, Vienna, and Zurich and 160 employees.
Announcement Date: November 1, 2008
Deal Value: Undisclosed
NetSol Technologies to buy Ciena Solutions
NetSol Technologies Inc. has entered into an agreement to acquire the software consulting firm Ciena Solutions LLC. Ciena Solutions offers consulting and staffing services based on the SAP application suite. The company has also developed its own software to work with the SAP suite. NetSol said payment will be deferred over four years and based on an earn-out formula linked to Ciena's performance, with the final transaction subject to customary closing conditions.
Announcement Date: October 30, 2008
Deal Value: Undisclosed
CSG acquires Commander Managed Services Arm
IT services company CSG has snapped up the Infrastructure managed services arm of Commander via an agreement with the collapsed company's receivers, McGrathNicol. The ASX-listed Commander collapsed in August, with $300 million of debts on its books. Receiver McGrathNicol decided to split the company in two — offering Commander's recurring revenue-generating managed services arm separately to its far less profitable hardware, telecoms and IPEX business divisions. Under the deal, CSG will gain access to the $60 million of managed services contracts Commander's Volante arm held prior to its collapse. These include deals with seven federal government agencies. The deal doubles the size of CSG’s existing managed services business and moves it into the Canberra and South Australian Government markets.
Announcement Date: October 30, 2008
Deal Value: Undisclosed
Neilsoft buys Cadforce
Neilsoft Ltd., an India-based provider of outsourced engineering and tech services, has acquired Cadforce Inc., a Marina del Rey, California-based outsourcer of CAD drafting services for architects.
Announcement Date: October 24, 2008
Deal Value: Undisclosed
CSG acquires Advanced Data Concepts
CSG, a leading provider of Management and Information Technology consulting services, has acquired the assets of Advanced Data Concepts, Ltd. (ADC), a Chicago-based consulting firm specializing in public sector IT services. Founded in 1997, CSG has established itself as a leading provider of innovative information technology solutions throughout the U.S. This acquisition is a great fit for CSG. It contributes new high-profile clients, strong sales capability, and quality delivery services to its core Government Solutions practice.
Announcement Date: October 23, 2008
Deal Value: Undisclosed
itelligence AG acquires SAPCON
itelligence AG, a full-service IT provider for SAP, has acquired a 51% share in the Czech SAP consulting house, SAPCON. With around 40 employees, SAPCON, established in Brno, the Czech Republic's largest industrial city, primarily serves companies in the industrial, energy and telecommunications sectors. SAPCON's consulting focus is SAP and document management systems. itelligence can acquire the remaining 49% of the shares in SAPCON via call options over the coming years. With this step, itelligence is strengthening its orientation as an internationally leading SAP consulting house especially in Central and Eastern Europe. SAPCON and itelligence will work closely together in the future in this strategically important market.
Announcement Date: October 21, 2008
Deal Value: Undisclosed
Raiffeisen Informatik GmbH to acquire PC-Ware Information Technologies AG
PERUNI Holding GmbH of Austria, a unit of Raiffeisen Informatik GmbH, is acquiring PC-Ware Information Technologies AG, a Leipzig-based provider of information and communication technology services. PC-Ware is one of the leading manufacturer-independent ICT service providers in Europe. Its core business is software licensing, consulting on licensing agreements and Software & IT Asset Management. The company is one of only 5 Microsoft LARs in the entire EMEA region (Europe, Middle East, and Africa) and holds the LAR status in China as well.
Announcement Date: October 15, 2008
Deal Value: $137.4 Million
Imtech NV to acquire ILS GmbH
Imtech, a technical services provider in Europe, announced that it is acquiring the Austrian company, ILS GmbH. ILS is one of the strongest ICT players as well as the biggest IBM partner in Austria. Imtech sees the acquisition as an important step forward. On the one hand, this strengthens its ICT position in Europe and on the other hand, it enables it to gain a basic position in Austria, one of the countries in Europe in which it is striving for a strong strategic position. Acquisitions earlier this year (total revenue of more than 59 million euro), gained Imtech ICT positions in the UK, Belgium and Switzerland and strengthened its position in Germany. While undisclosed, the acquisition price amounts to 6.5 times and will be paid in cash.
Announcement Date: October 13, 2008
Deal Value: $16.8 million (Cash)
Idhsoft has acquired Enterpulse
Idhasoft, a Mubai-based IT services company, has acquired Enterpulse, a U.S.-based company providing business process management-related consulting services. The acquisition will enable Idhasoft to consolidate its service offerings in content management and the BPM space. Idhasoft is a company providing IT services in the retail banking, financial services, insurance, manufacturing and healthcare domains.
Announcement Date: October 10, 2008
Deal Value: $12 Million
Logica Norge acquires Aureus Data
Logica Norge AS, a unit of Logica PLC, acquired Aureus Data AS, an Oslo-based provider of computer services, from Reitan Handel AS, a Reitan Narvesen ASA subsidiary. Logica Norge (formerly WM Data) is an IT Services company. Aureus Data delivers applications and services primarily to the retail industry.
Announcement Date: October 10, 2008
Deal Value: Undisclosed
Tata Consultancy Services acquires Citigroup Global Services Ltd
Tata Consultancy Services, a leading IT services, business solutions and outsourcing firm, and Citigroup Inc., a leading global financial services company, announced that they have reached an agreement for TCS to acquire all of Citi’s interest in Citigroup Global Services Limited (CGSL), the India-based captive business processing outsourcing (BPO) arm of Citi. In addition to the sale, Citi has signed an agreement for TCS to provide, through CGSL, process outsourcing services to Citi and its affiliates in an aggregate amount of US$2.5 billion over a period of 9.5 years. CGSL is one of the largest providers of business processing outsourcing services within the Banking and Financial Services sector, providing end-to-end process management across the BFS spectrum and a broad array of services to Citi’s consumer, corporate and global wealth management businesses worldwide. CGSL has more than 12,000 employees located in India and expects to generate revenues of approximately $278 million in 2008.
Announcement Date: October 8, 2008
Deal Value: $505 million
Dimension Data acquires majority in Sistemas Redes e Comunicacoes
Dimension Data PLC of South Africa acquired a 51% interest in Sistemas Redes e Comunicacoes Ltda, an Angola-based provider of information technology services.
Announcement Date: October 3, 2008
Deal Value: Undisclosed
Argos Soditic acquires LEXSI
Argos Soditic, a private equity partnership, has acquired a majority stake in LEXSI, a French information systems security consulting firm. The deal was structured as a management buyout.
Announcement Date: October 6, 2008
Deal Value: Undisclosed