Gen-i sells Davanti Australia to CEC
- 01 July, 2013 15:37
“Earlier this year we announced we were making significant changes to our Australian business to refocus on clients with specific trans-Tasman ICT services requirements,” Gen-i Australia general manager, Paul O'Donohoe, said. “The divestment of Davanti is another key step in implementing this strategy as we exit activities which fall outside our refined business focus.”
According to CEC managing director, Raj Mendes, the acquisition strengthens its ability to support Australian organisations.
Davanti Australia staff will transition to CEC offices in Sydney and Melbourne throughout July.
In a separate agreement with Davanti NZ, CEC will license Davanti’s intellectual property and brand, and leverage the NZ’s capability to assist in solutions delivery.
“CEC brings [Davanti NZ] a much broader customer reach in Australia and will continue to grow and build on the success of Davanti’s Australian business, which was focused on Cloud computing solutions using Salesforce.com,” Davanti NZ director, Robert Carter, said.
The transaction was completed on June 28, and follows the recent divestment of Davanti’s NZ business through a management buy-out.
In March, Gen-i announced plans to restructure the organisation, cutting staff from 120 down to 60, as it significantly changes its focus to concentrate on large corporate customers with specific trans-Tasman ICT service requirements.