Information security and identity management integrator, Redcore has purchased IT services management consultancy, Planwell Technology, financial details of the acquisition haven’t been disclosed.
Planwell will operate as a division of Redcore, retaining staff and its brand. The combined entity will have more than 100 staff on-board. Planwell has been in operation for more than 20 years and was recently appointed by IBM and NBN to implement its operations support systems.
Redcore joint managing director, Joseph Failla, said the company had been building its momentum in the market and the acquisition will expand its presence in Asia Pacific along with its IT portfolio. Redcore was formed last year through the merger of two information security companies, 443 and Castelain, and has offices in Australia, New Zealand and Philippines.
“We’ll have physical representation in Melbourne, Sydney, Canberra, Brisbane, New Zealand and Manilla,” Failla said. “We’re also growing into the South East Asia market and we’re going to have either physical or through aligned partners, representation in Singapore, Hong Kong and Indonesia.”
It half way through the transitioning the two companies’ backend processes and Failla expects to have it bedded down in the next few months.
“Planwell gives us the ability to have a service desk, help desk, people and representation in more cities and countries than where we are today,” Failla said. “Our strategic focus on deploying large, mission critical systems will be retained, as both Planwell and Redcore provide IT service management, core network and security for some of the region’s largest government and corporate IT operations. We will continue to build the team of consulting and technical professionals to support our clients in these areas.”
Failla hinted there were more acquisitions on the cards.
“There are others that we’re looking at in the security stream,” he said. “Our research suggests we’re the last of the privately-owned IT information security shops of this size and niche.