SingTel subsidiary to acquire Australian tech firm for $14m
The deal will be paid in cash.
SingTel today revealed that Alphawest, a subsidiary in Australia, will acquire tech firm Ensyst for a cash consideration of $14m (A$13m).
Established in 2001, Ensyst provides cloud-based professional and managed services in Australia. Ensyst’s areas of expertise include cloud architecture, cloud migration and unified communications
systems.
Based on Ensyst’s unaudited management accounts as at 30 September 2014, Ensyst had net tangible assets of approximately A$208,000.