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Rediff.com  » Business » Glodyne Techno buys DecisionOne for $104 mn

Glodyne Techno buys DecisionOne for $104 mn

Source: PTI
July 02, 2010 14:04 IST
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ITTechnology management services provider, Glodyne Technoserve, said on Friday it has completed the acquisition of a US-based technology IMS company DecisionOne Corporation from its shareholders for a total consideration of $104-million.

DecisionOne is one of the largest, profitable pure-play Technology IMS companies in North America, with a revenue of $200-million and EBITDA margin of 8.1 per cent in CY 09.

DecisionOne has extensive capabilities in providing infrastructure management services in the US and Canada.

Among its key clients are marquee Fortune 500 clients, the release stated. Glodyne Technoserve's chairman and managing director, Annand Sarnaaik said that Glodyne expects great business synergies and operating leverage from this acquisition because of complements in the business portfolio and expansion of the business model.

"This is a start of an exciting journey for Glodyne in the North American market," he said.

The business synergies of the acquisition would significantly enhance Glodyne's position in the $524-billion global technology IMS marketplace and strengthen its global reach with a robust onsite-remote IMS global delivery model.

Glodyne expects to significantly strengthen its position in the North American market with the addition of marquee clients and more than 2,000 highly-skilled professionals.

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