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.
Syntegra has customers in more than 50 countries, revenues
of £418 million ($652 million), and 4,000 employees.
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.
