IBM buys Logical CSI for $100 million
- 28 March, 2004 22:00
IBM has bought the New Zealand and Australian network services arm of Logical CSI for $US 65.5 million.
Logical New Zealand was formed from the merger of Anite Technologies and South African network integrator Datatec Group.
In a written statement IBM’s New Zealand managing director, Nick Lambert, says the acquisition gives IBM an increased skill set and value proposition for customers in New Zealand.
“This acquisition significantly enhances IBM New Zealand’s ability to deliver world class network services and solutions to clients, the skills acquired will enhance the existing offerings of IBM Global Services in delivering integrated networking services and solutions.”
IBM Global Services has been on something of a buying spree in the past two years - this latest acquisition comes after it bought Rational Software, Informix and PricewaterhouseCoopers Consulting.
Spokesman Jeremy Seed says no decision on layoffs has been made.
“It’s day one today; we signed the deal on Friday. Obviously it’s too soon to be talking about duplication of services and that sort of thing but we bought Logical because it’s got world class skills and we aren’t about to throw that away.”