Singapore Telecommunications (Singtel) subsidiary NCS has reached agreements to acquire three companies with capabilities in data analytics and cloud on Sept 9.
The considerations of the acquisitions were not released.
The companies, ClayOPS, Velocity Business Solutions and Riley, will support NCS’s regional expansion strategy in the Asia Pacific region, particularly in Singapore, Greater China and Australia.
ClayOPS is a Singapore-based data analytics and consulting services firm. Established in 2010, ClayOPS specialises in helping organisations improve performance through data.
Velocity Business Solutions is a data analytics firm based in Hong Kong. It was established in 2009, and provides a full suite of data analytics consulting and implementation services including design, development, support and enablement.
Riley is a leading Australian cloud-based solutions consultancy firm established in 2010. It offers a comprehensive portfolio of services in cloud-native transformation, data supply chain and cloud operations.
See also: Singtel's designated growth engine NCS to step up amid 'reset'
According to NCS, the move is in line with Singtel’s strategic reset to turn NCS into a B2B services champion in Asia and develop new engines in growth. The telco made the announcement in May 2021.
The trio of acquisitions will boost the capabilities of NCS’s digital services organisation, NCS NEXT, where it will help its government and enterprise clients become digital at their core.
All three newly acquired companies have an established network of clients, partners and local expertise, which will help NCS dive into new segments and drive further growth.
They will also continue to run independently under NCS with its respective senior leadership teams continuing in their current roles.
"These acquisitions are targeted and timely as they will accelerate our expansion into Asia Pacific, particularly in the high-growth markets of Singapore, Greater China and Australia. These markets are seeing digital adoption in both the public and private sectors ratchet up very quickly and we are investing in critical solutions and digital expertise to build out our suite of integrated services,” says NCS CEO Ng Kuo Pin.
“NCS is committed to providing greater value for our clients and the industry through strategic partnerships and building an innovation ecosystem for technology players of different sizes and niche capabilities, to augment our service portfolio and give our clients access to innovation across the region,” he adds.
As at 4.27pm, shares in Singtel are trading 3 cents higher or 1.28% up at $2.38.
Photo: Albert Chua/The Edge Singapore
