BT's Syntegra Will Acquire Control Data Systems
Page 1 of 1
Syntegra, the systems integration business of British Telecom, is to acquire Minnesota-based Control Data Systems for £217 million ($340 million), BT announced Thursday. Control Data Systems is currently owned by investment firm Welsh, Carson, Anderson & Stowe.
Like Syntegra, Control Data Systems is strong in systems integration but is also a leader in e-commerce solutions and services that are based on Internet technologies.
"BT is committed to being a leading player in the high growth markets for global electronic commerce," said Alfred Mockett, president of BT Worldwide. "Today's announcement demonstrates our determination to provide customers, wherever they are in the world, with industrial strength electronic business systems."
"By joining Syntegra, we will have global depth and scale unmatched in our industry," said James Ousley, president and chief executive officer, Control Data Systems.
In May this year, BT announced that it planned to integrate its network outsourcing business Sycordia with Syntegra, forming a group that will focus on end-to-end business solutions. BT says it is looking for faster growth both in the UK and internationally.