Dimension Data has signed a heads of agreement to acquire Aussie integrator SecureData Group's (SDG) business and its controlling interest in SQL Services.
In a statement issued Friday morning, DiData said the decision to acquire SecureData was based on “a high degree of strategic fit” with the integrator's local and global data centre solutions (DCS) business.
The acquisition would not involve the purchase of SDG's former subsidiary DataBank, which would continue to trade independently, Dimension Data said.
Evan Penn, MD at SDG said there were “clear synergies” between the two organisations. “Our customers will benefit by having access to Dimension Data's broader range of capabilities while our partners see this acquisition as having a significant degree of strategic fit between the organisations.”
SecureData Group - which has around 120 staff and $50 million in revenue last financial year – acquired a 51 percent stake in SQL Services in November last year.
This week, Dimension Data Australia reported an operating profit of US$14 million for its year ending 30 September, tipping further years of consolidation for the system integration market.
The local subsidiary of the global integrator also reported sales revenue for 2004 of US$481 million year on year, a 16 percent jump on 2003.