Omnitech, the business availability and business continuity services provider, has announced the acquisition of Avensus Netherlands BV. The acquisition deal has been pegged at USD 9 Million in an earn-out structure. Avensus is a Europe-based firm offering managed IT services, and security, storage and virtualisation solutions to BFSI, Healthcare, and Government sectors.
Omnitech will get an access to over 100 existing customers of Avensus, to explore cross selling of its services like remote infrastructure management, application management, performance management, business continuity services and domain specific services. The synergy generated between both companies will help Omnitech to gain new customers by leveraging its global delivery model to offer competitive services to European customers thereby increasing the overall profitability of current business of Avensus.
"With the acquisition of Avensus, Omnitech will further strengthen its presence in the European market. It will also provide the right platform for Omnitech to leverage the local strengths combined with Omnitech's global delivery model in services like remote infrastructure management, application management services, BCP consulting and niche BFSI consulting services. This platform will also be of great help to launch our innovative services based on cloud computing and domain specific services. This will also enable us to add high grade security services to our portfolio which can be leveraged across our global customer base," said Atul Hemani, Managing Director and CEO, Omnitech InfoSolutions Ltd.
"With Avensus joining Omnitech we get an excellent opportunity to spread our customer focus over Benelux and Europe. Based on the qualitatively unique shared values and team-interests of both companies we are looking forward to leveraging the Omnitech global services model. This will enhance the added value we offer to our customers with the purpose to strengthen their effectiveness and efficiency based on local customer knowledge and a local organisation using, in addition to the solutions we already provide, the strengths of global Omnitech solutions," said Ed Trautig, CEO, Avensus Netherland BV.
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Updated Date: Feb 02, 2017 22:53:50 IST