Queensland based reseller, Data#3 has realised its national expansion plans with the acquisition of Sydney based integrator, CICtechnology for an estimated $6 million, after an extensive eight month investigation into potential partners.
According to CICtechnology's managing director, Charles Tym, the decision was based upon the fact that the two companies complimented each others positions in the IT industry. CICtechnology primarily concentrates on the Desktop end of the network server market whilst Data#3 have additional strength in applications and the mid to top end server market.
Data#3's managing director, John Grant, is confidant that the acquisition will double the companies sales to the vicinity of $130 million and expand its geographic scope to hold significant market presence in Queensland and New South Wales and eventually move into the Victorian sector.
Data#3 is now planning to consolidate the union with CICtechnology over the next twelve months by focusing on a combination of reseller activities and service tendencies and establishing market strength in varying areas of expertise such as Internet services.