Enterprise integration company eServ has acquired Sydney-based software development and integration company Integrator, in a move eServ hopes will boost its telco business and give it a foothold in Asia.
The acquisition is part of eServ's strategy to build a global enterprise integration company, specialising in the design, implementation and support of internet-enabled business solutions, according to eServ's CEO, Ian Buddery.
"Our experience tells us that organisations are increasingly looking for expertise to integrate disparate business-critical systems and deliver a cohesive internet-driven environment across their established server and network infrastructure," Buddery said. "Our goal is to be the preferred partner in achieving this difficult task."
Buddery said Integrator brings core integration and software development skills to the eServ group -- particularly in the telecommunications arena. "We see Integrator's project management, architecture, software engineering and integration skills as a vital component of our strategy to assist premium corporate organisations become e-businesses.
"In addition, Integrator has a strong presence in Hong Kong which gives us an immediate foothold in the Southeast Asian market."
Former managing director of Integrator Patrick McGrory, who will effectively still run the company as vice president of enterprise application integration for eServ, said the relationship would allow Integrator to execute the next phase of its business plan, and to develop new products and services for its clients. "It is very much business as usual," he said.
The deal was a script-for-script acquisition through which eServ acquired a 100 per cent equity stake in Integrator.
The new company has target revenues of $32 million this financial year, which it forecasts to increase to $60 million in 2001.