iSON Technologies, subsidiary of Indian-entrepreneur Ramesh Awtaney's iSON Group, has said that it has acquired Global Technology Services (GTS), the UAE-based IT outsourcing company belonging to Dubai government's Emirates National Oil Company (ENOC).
iSON Technologies will be acquiring GTS with the iSON Group's co-investor, Dhabi One Investment Services, LLC in a deal whose value was not disclosed.
Kenya-based iSON Group provides managed services, systems integration and BPO services in 29 countries spanning West Asia, Africa and Asean, reports ANI.
"The GTS acquisition gives us an unparallelled and distinctive edge in existing and new geographies, and builds on the exceptional customer trust that iSON has earned through our experience of working with Fortune 50 IT companies especially in Africa and APAC," Ramesh Awtaney, Founder and Chairman, iSON Group, 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's Executive Director for Shared Services, Sina Khoory, said.
The acquisition will give iSON access to Bahrain, Qatar, Saudi Arabia and Kuwait, besides the UAE.
The UAE is the second-largest outsourcing industry in the Middle East and North Africa region, and Dubai accounts for about 90% of the total outsourcing business in the UAE.
The global outsourcing industry is forecast to reach $497 billion by 2019, according to a report by Frost and Sullivan and Dubai Outsource Zone.
