SMS Management acquires Renewtech

SMS Management acquires Renewtech

IT management and technology services company SMS Management and Technology (ASX:SMX) has arranged to acquire systems integrator Renewtek for an undisclosed sum.

Renewtech provides specialist enterprise content management and business process management solutions, and is a leading implementation provider of IBM's Filenet solutions.

SMS said the acquisition will provide it with annualised revenue contributions of $17.3 million and ebitda contributions of $2.5 million.

The Renewtech business will be integrated into SMS' operations over the next three months, and the acquisition should be EPS accretive from January 2011.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsSMS ManagementASX:SMS

Show Comments