Menu
MOQ acquires Wardy IT Solutions in $7.5M deal

MOQ acquires Wardy IT Solutions in $7.5M deal

Publicly-listed MOQ has entered into an agreement to acquire fellow Microsoft partner Wardy IT Solutions in a $7.5 million deal

Peter Ward (Wardy IT)

Peter Ward (Wardy IT)

Credit: Wardy IT

Publicly-listed MOQ has entered into an agreement to acquire fellow Microsoft partner Wardy IT Solutions in a $7.5 million deal.

The deal will be paid both in cash ($2.5 million) and MOQ shares ($5 million) but could come to a total price of $13.5 million. This is due to a possible earn-out payable by October 2020 subject to Wardy IT achieving "certain performance criteria". The earn-out value could reach up to $6 million, MOQ said.

Wardy IT founder and managing director Peter Ward will remain with the business as well as key management team. HE will also become a significant shareholder in MOQ.

“Wardy IT has actively partnered with the MOQ team on a number of projects over the last five years and we are all excited by the opportunity to become part of the MOQ business," Ward said.

"We anticipate being able to significantly strengthen our cloud practice and grow the combined data platform and data analytics segment, while continuing to deliver the high quality of service to which our clients are accustomed," he added.

Wardy IT was established in 2004 and is a Microsoft specialist that offers data platforms consultants, trainers and data analytics specialists. The company has offices in Adelaide, Brisbane, Canberra, Melbourne and Sydney in Australia and Auckland and Wellington in New Zealand. The company has unaudited revenue for the 2019 financial year of $14.2 million.

In February, Wardy IT was offering 50 free Microsoft Azure migrations as Microsoft support and security updates for SQL Server 2008/R2 on-premises comes to an end in early July 2019.

MOQ expects the acquisition to be completed by September which will be followed with the roll out of strategic and communication models across all stakeholder groups to ensure consistent service and engagement.

In December MOQ will have provided and assessed a business process, system integration plan and service delivery model standardisation. By March 2020 client contract conversion will be put in place resulting in one integrated business by the first quarter of 2021.

"We look forward to extending our relationship with MOQ through the acquisition of Wardy IT. We have had a long and mutually beneficial partnership with Wardy IT – they have three Gold level partnerships in data platforms, data analytics and cloud platforms and an exceptional reputation," Microsoft Australia managing director Steven Worrall said.

"The combined expertise of the two companies will be of great value to small and medium sized businesses that rely on Microsoft solutions to run their operations efficiently and effectively."

MOQ will leverage Wardy IT's blend of professional services and "and high-value" recurring services to provide sustainable growth to MOQ.

"The acquisition of Wardy IT is an excellent strategic fit for MOQ and aligns with our vision to develop, build and acquire cloud-centric complementary technology businesses," MOQ CEO Joe D’Addio said.

"We are pleased to welcome the Wardy IT team and their market-leading expertise in data architecture, data optimisation and data management capabilities on the Microsoft platform. These capabilities are a real point of difference for MOQ and, as a result, our customers should benefit from our strengthened resources in an area that is central to their digital transformation efforts.



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags MOQWardy IY

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments