iSON Technologies the fast growing IT services company and fully-owned subsidiary of iSON Group along with its co-investor Dhabi One Investment Services has acquired Global Technology Services (GTS) a wholly-owned subsidiary of the Emirates National Oil Company (Enoc).

The acquisition enables iSON Technologies to expand its services and client portfolio in the UAE and the GCC while enabling GTS access to other sectors such as telecommunications aviation media and entertainment as well as expanding across Africa and APAC regions where iSON Group has a very strong presence.

The acquisition also enables iSON Technologies to provide significant operational and cost efficiencies along with a better service to Enoc and iSON's other partners in the UAE and GCC. The acquisition significantly reduces Enoc's capital expenditure on IT infrastructure and provides a more consistent operational expenditure whilst benefitting from improving IT services.

Commenting on the acquisition Sina Khoory Executive Director Shared Services Enoc said "iSON's core business is IT Services including mobile in the Middle East and Africa and this therefore is a solid value enhancing match for GTS.

"With GTS's third party business and the services provided to Enoc Group ISON strengthens its capabilities to expand their service and client portfolio in the UAE and GCC.

"Enoc and its operating business units will continue as a core customer of GTS based on the existing Service Level Agreement between Enoc and GTS so there will be no immediate changes to our IT Services."

Enoc's expansion strategy in oil and gas i.e. upstream midstream and downstream projects good growth potential amongst local and international businesses.

-

As a result of this growth we concluded that IT Services as a support business is best developed by industry experts like iSON Technologies who can further leverage the specific key areas and competencies that GTS has developed over the years."

In support of this Arun Khehar Vice President Business Applications Oracle ECEMEA said "Oracle recognises GTS as a well-established and long term partner of Oracle Corporation in MENA region. Since inception over 15 years ago GTS has been one of the premium Partners for Oracle in the region. With their domain knowledge in various industries such as Oil and Gas Utilities Real Estate and Public Sector they are unique in their commitment and investment in Oracle's industry solution approach. GTS is a successful Oracle partner delivering over 100 Oracle Application projects within and beyond MENA region."

Founder and Chairman of ISON Mr Ramesh Awtaney also comments; "ISON's leadership has very good experience working with Fortune 50 IT companies and has built exceptional customer trust in Africa and APAC regions specifically. The acquisition of GTS will give us a great edge over competitors in existing and new geographies."

GTS an ENOC subsidiary is an Infrastructure management and technology consulting organization offering value-added IT services to a variety of customers in UAE Kuwait and Saudi Arabia using customized solutions to meet their specific requirements. It has two business segments; IT Infrastructure Management and consulting/ systems implementation services focusing on complex applications and process automation.

As part of the iSON Group GTS will have the opportunity to expand to 29 countries across the MEA India and ASEAN region.

The acquisition of GTS is a reflection of iSON Technologies' commitment to assembling best-in-class IT and technology services and solutions across all stages of the outsourcing lifecycle. -