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International IT recruitment group, Talent International, has acquired a Western Australian IT consultancy, Agile Logic, in a move designed to diversify the company’s business model, reports itwire.com.
Financial details of the acquisition were not released.
Talent International Founder and Managing Director, Richard Earl, said: “[The acquisition is the first step in an] aggressive five-year plan to create a market-leading IT consultancy service across the APAC region and is designed to complement Talent International’s highly successful IT recruitment business.”
“This is a major move in our industry and we will develop our IT consultancy offering over the coming months in-line with international expansion, and are looking forward to becoming an important player in the sector. Agile Logic will operate as a quite separate brand and business with its own management structure,” Mr Earl added.
Talent International was formed in 1995 and is headquartered in Sydney, Australia. The company now has 11 offices across the Asia-Pacific region and Europe, and an annual turnover approaching AUD 300 million (€199 million).
Agile Logic opened in 2007, has 14 technology consultants and specialises primarily in Java Enterprise solutions and BI consulting.
Mr Earl reported that Agile Logic Director and founder, Michael Mok, will remain in Western Australia with a remit to further develop the offering in the state. “It’s a great team that has successfully delivered a significant number of projects within budget and on time across eight WA state government departments, as well as projects within the mining and resources, finance, and telco sectors.”
“I’m pleased to say that Michael has fully embraced the potential and vision of the wider Talent International business and has received shares in the company,” Mr Earl stated.
Mr Mok added: “Talent International’s single-minded focus on investing in innovation and people sets them apart and we are looking forward to building a bigger, highly successful, dynamic business with them. The entire team of in-house technology specialists and consultants is excited about what the future holds and they are all delighted to be coming across as part of the arrangement.”