iSON Technologies, the fast growing IT services company and fully-owned subsidiary of iSON Group, along with its co investor Dhabi One Investment Services LLC has acquired Global Technology Services (GTS), a wholly-owned subsidiary of the Emirates National Oil Company (ENOC).
The acquisition enables iSON Technologies to expand its services and client portfolio in the UAE and the GCC, while enabling GTS access to other sectors such as telecommunications, aviation, media and entertainment, as well as expansion into Africa and APAC regions, where iSON Group has a very strong presence. The acquisition also enables iSON Technologies to provide significant operational and cost efficiencies along with a better service to ENOC and iSON's other partners in the UAE and GCC.
The acquisition significantly reduces ENOC's capital expenditure on IT infrastructure and provides a more consistent operational expenditure whilst benefitting from improving IT services.
Commenting on the acquisition, Mr Sina Khoory, Executive Director, Shared Services, ENOC, said, "iSON's core business is IT Services including mobile, in the Middle East and Africa, and this therefore is a solid, value enhancing match for GTS. With GTS's third party business and the services provided to ENOC Group, ISON strengthens its capabilities to expand their service and client portfolio in the UAE and GCC. ENOC and its operating business units will continue as a core customer of GTS, based on the existing Service Level Agreement between ENOC and GTS, so there will be no immediate changes to our IT Services."
Mr Petri Pentti, Chief Financial Officer of ENOC, "Under ENOC, GTS has operated effectively as an autonomous management and technology consulting organization offering value added IT services to a variety of customers in several industries and geographies. The organization is also a Platinum Partner of Oracle. ENOC's expansion strategy in oil and gas i.e. upstream, midstream and downstream, projects good growth potential amongst local and international businesses. As a result of this growth, we concluded that IT Services as a support business is best developed by industry experts like iSON Technologies who can further leverage the specific key areas and competencies that GTS has developed over the years."
In support of this, Mr Arun Khehar, Vice President, Business Applications, Oracle ECEMEA said, "Oracle recognizes GTS as a well-established and long term partner of Oracle Corporation in MENA region. Since inception over 15 years ago, GTS has been one of the premium Partners for Oracle in the region. With their domain knowledge in various industries such as Oil and Gas, Utilities, Real Estate and Public Sector, they are unique in their commitment and investment in Oracle's industry solution approach. GTS is a successful Oracle partner, delivering over 100 Oracle Application projects within and beyond MENA region."
Founder and Chairman of iSON, Mr Ramesh Awtaney also comments; "iSON's leadership has very good experience working with Fortune 50 IT companies and has built exceptional customer trust in Africa and APAC regions specifically. The acquisition of GTS will give us a great edge over competitors in existing and new geographies."
GTS, an ENOC subsidiary, is an Infrastructure management and technology consulting organization offering value-added IT services to a variety of customers in UAE, Kuwait and Saudi Arabia, using customized solutions to meet their specific requirements. It has two business segments; IT Infrastructure Management and consulting/ systems implementation services focusing on complex applications and process automation.
As part of the iSON Group, GTS will have the opportunity to expand to 29 countries across the MEA, India and ASEAN region.
The acquisition of GTS is a reflection of iSON Technologies' commitment to assembling best-in-class IT and technology services and solutions across all stages of the outsourcing lifecycle.
Distributed by African Media Agency (AMA) on behalf of iSON Group.
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