Chalking up its 2nd acquisition so considerably this yr, IT expert services and consulting business Atturra has bought four-decade old managed products and services supplier Somerville for upwards of $15 million.
IT solutions and consulting firm Atturra has continued its constant string of acquisitions with the purchase of Sydney-headquartered managed services service provider Somerville in a funds and shares offer well worth up to $19 million including bonuses.
Expected to finish at the end of the thirty day period, the acquisition will see Somerville CEO and founder Craig Somerville be part of the Atturra team together with sales and training administrators Adrian Toole and David La Bozzetta.
“The acquisition of Somerville will be significant, as it will not only provide Atturra with a broad-dependent managed solutions ability to facilitate large conclusion-to-end assignments, but it will also bolster our place in just the Australian instruction sector,” said CEO Stephen Kowal.
“We are excited to have the possibility to bring Somerville into the fold, as it is a trustworthy technology lover with over 30 years’ experience supplying answers that will complement the Atturra offerings.”
Recognized by Somerville way back in the early 80s, the firm operates out of places of work in Sydney, Melbourne and Brisbane and offers a extensive selection of managed providers to the company and education sectors, together with choices in cloud, connectivity, security, and application lifecycle management among other parts.
In accordance to Atturra, Somerville’s IT alternatives and managed providers blend supports much more than 285 unbiased colleges throughout Australia.
“This acquisition signifies an superb chance for Somerville’s employees, customers and companions,” Craig Somerville mentioned. “Atturra has cast a sturdy track record as a properly-revered participant in the Australian IT services marketplace, with extended-standing shopper and partner interactions. Our sturdy aim on delivering good quality outcomes to our valued buyers will be increased by the breadth and depth of offerings that Atturra brings.”
Over and above education and learning, which Somerville has focused on for the previous two and a half decades, Atturra additional observed that the company’s consumer-base spanned several other sectors, together with finance, legal, coverage, superannuation and automotive, and explained the acquisition would allow it to “deliver the whole know-how stack from software to infrastructure, more accelerating small business expansion and supporting the growth of functions into new technologies and marketplaces.”
Somerville marks the latest in a consistent string of buys created by Atturra, each before its 2021 rebranding from FTS Team and considering that then and its $25 million cash raise on its early-2022 listing on the ASX. Most not too long ago, Atturra picked up Melbourne-based Microsoft specialist Hammond Road Developments for $6.5 million, adding a headcount of around 100 based mostly in Melbourne and across added destinations in Sydney, and Canberra.