19 August 2020. Sydney, NSW, Australia.
Experteq; a Cloud, Virtual Desktop, and Enterprise Mobility services consulting and professional services provider has been acquired by TransAction Solutions Limited (TAS); a leading managed services provider focussed on the Financial Services & Insurance sector with a thirty-year track record.
This merger is set to create more value for the industry and help companies accelerate digital transformation.
Experteq’s robust experience in Consulting and Professional Services will complement TAS’ capabilities in Managed Services. The TAS-Experteq merger will offer existing and new customers more value through expanded expertise, enabling them to better support each other’s client base and target markets.
Experteq CEO, Frank Mulcahy, says of the acquisition, ‘We are thrilled to join TAS and create a strengthened value proposition for our existing clients, as well as expand our combined services to the broader FSI sector. From our time already partnering with TAS, the joint business opportunities are significant.’
Experteq has been partnering with TAS for over a year, with Experteq already delivering consulting engagements to TAS clients. Experteq has also subcontracted the security professionals from TAS to provide compliance services for some of their clients. The companies are well-suited to each other, both from business and work culture perspectives.
TAS CEO, Shane Baker, comments, ‘We’re delighted to announce this significant acquisition. We’ve been working with Experteq for over a year on several projects and have total confidence in Experteq’s capability, strategic alignment and cultural fit. Bringing TAS and Experteq together creates significant value, providing our clients and partners with a greater breadth of capability. Combined, we now can consult, deliver and manage end-to-end cloud technology which is unique in the industry.’
TAS and Experteq are coming together at a time, where more than ever, organisations need to accelerate digital transformation and manage remote workforces securely and with high impact. This acquisition complements TAS’ strategy by adding Consulting and Professional Services to its end-to-end Managed Services portfolio, enabling the company to compete for work in Cloud Transformation, Office Productivity and Security solutions.
The combined entity will be a one-stop-shop with aligned solutions, knowledge, and capability across Managed and Professional Services for the Financial Services and Government sectors. Given the complementary nature of the companies, there will be no immediate change to the structure of the respective organisations. Instead, TAS will leverage Experteq’s suite of professional services for its clients, and Experteq will benefit from TAS’ managed services expertise. Through knowledge and resources sharing, there are significant growth opportunities.
The partnership will benefit existing and new clients, partners, and employees of both companies and provide clients access to a broader set of technology solutions and services that will accelerate digital transformation and improve productivity.
About Experteq (www.experteq.com): Since 2008 Experteq has been at the forefront of delivering transformed technology environments to Government and Fortune 100 clients in the Cloud, VDI and Enterprise Mobility space, that provide higher user productivity through flexible workplace solutions. Experteq has been involved in designing, building, operating and automating large-scale managed environments having built many of Australasia’s largest VDI and Enterprise Mobility deployments from 500 to 50,000+ seats, both in the cloud and on-premise.
About TAS (www.experteq.com): Founded in 1989, TAS is an Australian-owned and operated provider of technology solutions to Australia’s financial services market. With extensive experience servicing one of the most highly regulated industries, TAS delivers the highest levels of availability and quality of service to over fifty clients and remains a trusted managed services partner for the FSI sector for delivering robust, secure, and industry compliant services.
