Sydney IT service provider FTS Group has acquired software developer and IT services company Connexxion for an undisclosed sum, adding another Canberra-based company under its umbrella.
The acquisition bolsters FTS’ presence in the capital, adding to its acquisition of Microsoft cloud provider Veritec in 2014.
“This latest acquisition further validates our dedication to the Canberra IT ecosystem, including both defence and the public sector,” FTS chief executive Stephen Keys said.
“We have been strategically bolstering our capabilities in recent years as we put steps in place to grow beyond our current footprint to service a national market.”
Connexxion holds a number of federal and state government contracts, with a client base that includes education, health, research, not-for-profit and the private sector.
The company employs 42 staff with an expected $8 million in revenue for the current financial year. Like Veritec, Connexxion is also part of the federal government Cloud Services Panel as of 2017.
“Connexxion is already a key long-term player in the Canberra market, but joining FTS Group will give our company access to new skill sets within the group, which will bring many benefits to our clients,” Connexxion board chairman Hamish McRae said.
“We now have access to a range of new capabilities to offer our clients, including customer relationship management (CRM), Microsoft Azure-led technology and a range of built applications. We are excited about what the future holds for both our staff and our clients.”
FTS Group is a group of seven IT and professional technical services companies that collectively employs 340 staff across Australia, whose operations span across Sydney, Melbourne, Brisbane and Canberra.
“We are continuing to invest and extend our capabilities into other states and territories,” Keys said.
“This latest acquisition capitalises on our existing contracts with the federal government and further supports our ability to service a greater number of companies seeking a market leader to help them deliver business and technology outcomes.”