Dialog Axiata PLC announced on February 28, 2020 that it had entered into an agreement to acquire the Systems Integration (SI) Business of V S Information Systems (Private) Limited (“VSIS”), namely VSIS Enterprise Solutions (Private) Limited (VES) through Dialog Broadband Network (Private) Limited (“DBN”), a fully owned subsidiary of Dialog. VSIS is privately owned with VES generating an annual turnover of Rs 2.7 billion.
The transaction is expected to be completed in April 2020.
Dialog is a leader in the provision of world class Enterprise Solutions and was awarded a Tier III Certification for its state of art Data Centre Infrastructure.
The complementary product portfolios of Dialog and VES alongside the best in class ICT solutioning capabilities of VES are expected to combine synergistically towards providing Sri Lankan Enterprises with world class solutions across multiple domains of digital transformation including but not limited to Cloud, IoT, AI and Advanced Connectivity.
“The Acquisition of VES by Dialog is aimed at widening our Enterprise service offering in Sri Lanka and across the Axiata footprint in Asia. Dialog is proud to partner a wide spectrum of enterprise customers in their Digital Transformation journeys. The combination of VES and Dialog will no doubt strengthen our offering in terms of empowering our customers with the tools and infrastructure necessary to compete in an increasingly technologically sophisticated global marketplace,” stated Supun Weerasinghe, Group Chief Executive, Dialog Axiata PLC.
The Director/CEO of VSIS, Priyanga Gunasekara stated “VSIS has grown to be a leader in the Systems Integration Business in ICT sector of Sri Lanka in a short span of 10 years. While this growth was achieved organically, we believe with additional investments coming into VES from DBN, VES will be able to grow exponentially. This acquisition would strengthen VES financially while broadening the offerings of both ICT and mobile IOT services to our customers”.
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