SINGAPORE Telecommunications (SingTel) announced on Friday that its Australian subsidiary, Alphawest Pty Limited (Alpha), had entered into a conditional agreement to fully acquire an Australian-based cloud computing services company, Ensyst Pty Limited (Ensyst), for an offer price of A$13.0 million.
Ensyst, which has net tangible assets of approximately A$208,000 (as at Sept 30, 2014), provides cloud-based professional and managed services in Australia. Ensyst's areas of expertise include cloud architecture, cloud migration and unified communications systems.
Established in 2001, Ensyst has offices in Sydney and Melbourne with approximately 80 employees.
The acquisition will help SingTel, and its Australian subsidiaries, in their ICT transformation, bolstering professional services and managed services expertise.
John Paitaridis, Optus Business managing director said: "We are committed to delivering market leading end-to-end ICT capability. Ensyst brings expertise and skills to complement our existing ICT and managed services capability which will enable Optus to accelerate our ICT growth strategy."
Ensyst is Microsoft's 2014 Australian Partner of the Year and one of the founding members of the Microsoft Australian Cloud Solution Provider Program, recognising it as a leading partner leveraging Microsoft cloud platforms and various collaboration solutions including Lync, SharePoint and Office 365. It has an extensive customer base across financial services, education, government, health, construction and mining, manufacturing and services sectors.
With the cloud professional services market forecast to grow by 24 per cent, driven by application workloads, Mr Paitaridis said the acquisition will strongly position Optus Business to take advantage of growth opportunities.
SingTel said that this acquisition is part of the group's overall strategy to invest in opportunities that will help its Group Enterprise business expand its product range and extend its market reach.
The original headline stated that Alphawest is the company which is to be acquired. It should be Ensyst. The headline has been corrected to reflect that.