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Technology Industry Brennan acquires SCentral, signals more buying
Technology Industry Brennan acquires SCentral, signals more buying | Brennan acquires SCentral, signals more buying |
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| by Peter Dinham | |
| Wednesday, 04 November 2009 | |
  
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According to Stevens, Brennan will seek further acquisitions that provide positive earnings in a minimal time period and have a mid-market focus. “Central to our growth strategy is building our reputation as the leading provider of IT&T to the mid-market. Acquisitions, working with partners and building out our own products will play a key role in our growth this financial year.” Stevens also said that the deal, for an undisclosed sum, is “good news for clients and staff and supports the company’s desire to increase scale as well as organic growth this year. The deal will add 50 percent per annum to Brennan’s revenues as well as extend our customer base and geographical reach into regional centres including Newcastle. “SCentral provides a natural fit for Brennan. Both companies target the mid-market and have strong services businesses and IT certifications,” Stevens said, and he cited SCentral's direct relationship with HP and its Citrix capabilities as key attributes that would deepen Brennan's offering. Under the agreement most of SCentral’s 75 staff will be retained, but SCentral's managing director, Peter Mavridis, will not be transitioning to Brennan. “Our priority over the coming weeks is to ensure the smooth transition of SCentral’s customers and staff to Brennan. We are committed to investing in our people, R&D and infrastructure to support our growth and allow us to innovate in new service delivery and customer service,” Stevens said. |
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