Africa-based IT services company iSON Technologies, subsidiary of iSON Group founded by Indian-origin entrepreneur Ramesh Awtaney, along with its co-investor Dhabi One Investment Services LLC today announced the acquisition of UAE-based Global Technology Services for an undisclosed amount.
"The Global Technology Services (GTS) acquisition gives us an unparallelled and distinctive edge in existing and new geographies," Awtaney said in a statement.
GTS is a wholly-owned subsidiary of the Dubai government's entity, Emirates National Oil Company (ENOC), which specialises in oil and gas with over 30 active subsidiaries and international joint ventures, and operations in the Middle East, Asia, Europe and Africa.
ISON Technologies is a leading pan-African partner for major companies such as AVAYA, IBM, Cisco, Oracle, Juniper and Riverbed, and offers end-to-end IT services including systems integration, application management, cloud, analytics and managed services.
The GTS acquisition enables iSON Technologies to expand its services and client portfolio in the UAE and the Gulf Cooperation Council(GCC). The deal will allow GTS to leverage iSON Group's footprint across 29 African countries, India and ASEAN regions besides the Middle East as well as access to newer sectors such as telecommunications, aviation, media and entertainment.
The acquisition also reduces ENOC's capital expenditure on IT infrastructure, the statement said.
"ENOC's expansion strategy in oil and gas. As a result of this growth, we concluded that IT Services as a support business is best developed by industry experts like iSON Technologies who can further leverage the specific key areas and competencies that GTS has developed over the years," ENOC's Chief Financial Officer Petri Pentti said.
