Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
SingTel-owned Optus said in a statement that it has acquired IT professional and managed services company Ensyst, as part of the telco’s plan to bolster its ICT capabilities and Microsoft offerings to its business customers.
The acquisition, reportedly worth A$13 million ($10.6 million), also include Ensyst’s offices in Sydney and Melbourne and its 80 employees.
Ensyst is a Microsoft partner and was a founding member of the Microsoft Australia Cloud Solution Provider Program with expertise in areas such as Lync, SharePoint and Office 365. Its customer base spans financial services, education, government, health, construction and mining, manufacturing and services sectors.
John Paitaridis, MD, Optus Business, says Ensyst brings skills and expertise that will complement its existing ICT and managed services capability, which will accelerate the company’s growth strategy.
“We see Ensyst playing a critical role in deepening and enhancing Optus Business’ Microsoft capabilities, which is critical for our business and government customers given that Microsoft is a leading provider of enterprise applications” said Paitaridis in the statement. Original post at Telecom Asia