ASG acquires Capiotech

$30 million acquisition provides ASG Group with new customers, 90 additional employees

ASX listed services outfit ASG Group (ASX: ASZ) has acquired IT consulting company Capiotech in a move which will boost revenues and create new managed services opportunities for the company.

In an ASX statement, ASG said the deal, worth $30 million, would add business intelligence and enterprise performance management service capabilities.

It also completed a program of growth initiatives which has also seen the acquisition of Dowling Consulting and Courtland Business Solutions.

According to ASG chief executive officer, Geoff Lewis, the Capiotech acquisition fit a pattern of gaining capabilities in high-value services around business intelligence, SAP and consulting.

The company has also secured $112 million in new business wins since January 2010 with customers such as the Department of Prime Minister & Cabinet, Western Power and the WA Department of Education.

Capiotech has 90 employees in Sydney, Melbourne and Brisbane and specialises in analysis, design and implementation of corporate analytical solutions.

Its customers include Qantas, ANZ Bank, Commonwealth Bank, Macquarie Group, NAB, Vodafone and Origin Energy.

As reported by Computerworld Australia, ASG acquired Courtland in April as a means for the Oracle-based ASG to move into the SAP market.

Along with new SAP capabilities, Courtland also provides a customer book which includes mining, oil and gas, engineering, construction and infrastructure clients.

The March deal with the Department of Prime Minister and Cabinet is worth up to $41 million over nine years and sees the Department’s desktops, servers and networks serviced by ASG Group.

Also in March, ASG picked up a three-year $13 million contract with the Department of Broadband Communications and the Digital Economy (DBCDE).

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Tags ASG Groupacquisitionscapiotech

More about ABANZ Banking GroupASG GroupCommonwealth Bank of AustraliaNABOracleQantasSAP AustraliaVodafone

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