Omnitech acquires Avensus Netherland

Omnitech InfoSolutions, a
business availability and business continuity services provider, has
acquired Netherlands-based firm Avensus for $9 million. The company
provides services and solutions on areas like security, storage and
virtualization. The upfront payment consideration is of $4.8 million
and the remaining amount is a combination of deferred payment and
earnout which shall be paid over a period of three years.

While making the
announcement Omnitech said that Avensus operates for more than 40
years as a professional information and communication technology
company. The company's strength is to create a secure environment on
every required level, ranging from standard to high grade security
levels. Commenting on the acquisition, Atul Hemani, MD and CEO,
Omnitech InfoSolutions said the acquisition of Avensus will further
strengthen Omnitech's presence in the European market.

“It will also provide
the right platform for Omnitech to leverage the local strengths
combined with Omnitech's global delivery model in services like
remote infrastructure management, application management services,
BCP consulting and niche BFSI consulting services,” he added. He
further said that this platform will also be of great help to launch
Omnitech's services based on cloud computing and domain-specific
services.

Avensus is seen by
customers as one of the trusted partners for total control in a
standard and secure environment and holds a strong brand recall in
Netherlands along with strong and loyal customer base. “With
Avensus joining Omnitech, we get an excellent opportunity to spread
our customer focus over Benelux and Europe. Based on the
qualitatively unique shared values and team-interests of both
companies, we are looking forward to leveraging the Omnitech global
services model,” said Ed Trautig, CEO, Avensus Nederland BV. With
this acquisition, Omnitech will get an access to over 100 existing
customers of Avensus, to explore cross selling of its services.
Currently, the company caters to Belgium, Netherlands and Luxembourg.
Avensus's headquarter is located in the center of Netherlands Almere
with a smaller branch in Delft.