business news

NCS to shell out S$329M to acquire Aussie IT firm The Dialog Group

NCS to shell out S$329M to acquire Aussie IT firm The Dialog Group
NCS to shell out S$329M to acquire Aussie IT firm The Dialog Group

NCS Group, the Singapore-based technology and communications service arm of Singtel Telecommunications, has reportedly announced plans to acquire The Dialog Group, an Australian IT services firm for around A$325 million (S$329 million), as part of its goal to become a pan-Asian business-to-business (B2B) digital services provider.

The deal is scheduled to be finalized in around three months, pending regulatory as well as other third-party approvals.

Ng Kuo Pin, NCS’ CEO, stated that the move will enable the telecommunications and information subsidiary to establish a foothold in Australia far more swiftly than if the firm had to start from zero.

Dialog is the biggest privately held IT services provider in Australia, with operations in several cities including Melbourne, Canberra, Sydney, and Perth, employing around 1,000 IT professionals.

The firm's prominent clients include Telstra, an Australian telecommunications company, as well as the New South Wales Electoral Commission.

Pin believes that this is a fantastic base for NCS to build on for harnessing the growth that is seen in the Australian market. According to research, Australia's IT spending is expected to increase by 6.5% this year.

Pin also mentioned that NCS has developed tremendously during the past two years, with NCS NEXT now offering cloud, digital, as well as platform services to the consumers in addition to its traditional application and infrastructure solutions. NCS will also incorporate Dialog's existing solutions with NCS NEXT to give end-to-end solutions to its customers.

NCS’s CEO also stated that the takeover will help to expand the firm's talent pool at a time when IT talent is scarce. NCS now employs around 10,000 people.

As Dialog integrates with NCS, there are also ambitions to assist the personal development of its consultants as well as cross-pollinate ideas across its many talents.

The purchase comes after NCS unveiled its rebranding and strategic makeover in July of last year.

Source credit: https://www.straitstimes.com/business/companies-markets/singtels-ncs-acquires-aussie-it-company-the-dialog-group-for-328m

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Vinisha Joshi

Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.