Looking to further invest in the database management sector, Dimension Data has a vision to develop the business as well as new services. The local solution provider received a 51 percent stake in SQL Services went it acquired the SecureData Group in 2004.
Dimension Data intends to maintain all SQL Service’s existing major business and vendor relationships. Revenue for the newly acquired section is expected to grow 20 percent in the 2008 financial year.
Previous shareholders are made up of a small group of private investors and are actually SQL employees. It is expected they will stay with the company and the existing SQL Services management team and staff are also set to stay in place. The present general manager, Grant Newport, will stay on and continue to report to Dave D’Aprano, Dimension Data’s national solutions and services director.
SQL’s services have been offered in Australia since 2004. “With the full acquisition we will be able to leverage SQL’s strong core group of database professionals to enhance Dimension Data’s existing services offerings in Australia, as well as integrating their managed database services capability globally,” explained D’Aprano.
“The prime reason for the acquisition is to open the way for future investment in SQL Services by simplifying the ownership structure of the business. It is too early to speculate on future growth plans for SQL Services’ business.”
At this stage there will be no operational changes to Dimension Data’s business under the acquisition of SQL Services. The New Zealand company will continue to operate out of its head office in Nelson with offices in Auckland, Wellington, Hamilton and Christchurch.
Australia’s Dimension Data acquires SQL Services
By Helen Frost on Feb 12, 2008 7:10AM