ASG Group has acquired specialist Brisbane-based technology services provider 1ICT, as part of its efforts to further grow its business in the local market.
Founded in 2013, 1ICT is today run and owned by two of its original founders, Anthony Gavin and Satish Naidu. The strategic business solution provider now claims a workforce of over 130 employees in Australia and India.
With vendor partners including Microsoft, HP, Cisco, Dell, Amazon Web Services (AWS), Samsung and others, the company services small, medium and large organisations, ranging from government to non-profits, publicly listed companies and private enterprises.
“We believe 1ICT will fit in perfectly with our own entrepreneurial spirit and culture and with our long- standing commitment to putting clients and their needs at the very centre of everything we do,” ASG CEO Dean Langenbach said.
“As a part of the ASG group, we will work together on how we can leverage each other’s clients, capabilities and industry knowledge, while providing ASG with a solid base in Queensland,” he said.
According to Langenbach, 1ICT has a strong reputation for its nimble approach and its entrepreneurial approach, providing customised IT solutions to clients that larger companies were either unable or unwilling to provide.
Under the terms of the deal, the value of which remains undisclosed, 1ICT will retain its brand and will continue to specialise in customised solutions to its clients in Australia and India.
Gavin and Naidu, the deal represents a way for their company to continue its growth trajectory.
“When we set about building 1ICT, we targeted a section of the market that was then either ignored or misunderstood by the large IT companies, offering customised solutions at affordable rates,” the pair said in a joint statement.
“Our business has now grown significantly, to a point where we understood the only way to continue to grow was to join forces with a company such as ASG, with its international backing and national scope,” they said.
According to ASG, a subsidiary of Japanese-based consulting and IT solutions group Nomura Research Institute (NRI), the acquisition is in line with the company’s strategy to grow its Australian business group through a combination of organic expansion and acquisitions.
The acquisition comes roughly four months after ASG Group triumphed over five other bidders to secure a $75 million deal with Main Roads Western Australia for the management and support of its ICT infrastructure.
The contract was awarded on 22 July for an initial three-year period with the possibility of a two-year extension.
Under the contract, ASG will provide applications and infrastructure managed services, including customised applications support and maintenance for over 100 applications.