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SMS M&T acquires enterprise applications provider
Listed Techs
SMS M&T acquires enterprise applications provider | SMS M&T acquires enterprise applications provider |
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| by Stan Beer | |
| Wednesday, 01 November 2006 | |
IT services provider SMS Management & Technology Limited (ASX:SMX) has signed a sale and purchase agreement to acquire technology services provider, REALTECH Australia Pty Ltd.Featured Whitepaper
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REALTECH will form part of the Company’s new business division – SMS Enterprise Solutions. SMS Enterprise Solutions will provide services around a broad range of solutions associated with enterprise deployments including greenfield deployments, system upgrades, modifications, ongoing user support and maintenance contracts. Commenting on the new business division, SMS CEO Tom Stianos said, "This is an important milestone in the execution of the Company’s five year strategic plan. The Enterprise Solutions business will enable SMS to better respond to clients who require a more comprehensive service offering, particularly in relation to their ERP strategy." REALTECH Managing Director Stephen Lloyd-Jones said, "Joining SMS gives us the opportunity to combine our enterprise experience with the track record of one of the most reputable management and technology services companies in Australia. We look forward to assisting SMS to extend its services in the enterprise arena." SMS is currently considering a number of complementary acquisitions to accelerate growth in the Enterprise Solutions area. |
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