NZ's Certus acquires Aust. IBM services company

Peter Dinham
Tuesday, 09 June 2009 17:13

IT Industry - Development

According to Allen, the existing Eos management team and personnel will stay with the new organisation and Eos managing director Annette Henry will take over the role of managing director for the new Australian organisation.

Annette Henry said the acquisition made sense, “both in terms of the potential for accelerated growth as well as providing new opportunities for Eos personnel.”

“The deal includes shares in the new organisation for Eos’ existing shareholders and we have a vested interest in growing shareholder value in the combined companies. The acquisition will enable us to fast track towards becoming a much more significant player in the IBM software market across Australia and New Zealand.”

Allen said that, in addition to Annette Henry becoming managing director of the wholly-owned subsidiary, Certus Solutions, Sean Kelly and Bradley Rasmussen would take on the roles of line of business director and principal consultant, respectively.

Allen also said Certus expected to make further acquisitions, and he forecast 30 per cent growth in revenue and a rapid scaling up of staff numbers over the next 12 months, with Australia being a major contributor to that growth.

“This target is based on our forecasts for organic growth and we expect to exceed that though further acquisitions.”