Southfield information technology service provider Secure-24 Intermediate Holdings Inc. says it intends to acquire Symmetry Holding Inc., a Wisconsin-based provider of systems, applications, and products (SAP) managed services. Terms of the deal were not disclosed.
Secure-24, which is a wholly owned subsidiary of Japan’s NTT Com, has been playing key roles for delivering such capabilities especially in the U.S. market but has indicated it wants to strengthen its ability to support its clients’ digital transformations as a “DX Enabler.”
“The acquisition of Symmetry allows us to strengthen the comprehensive managed services we provide to our customers, while opening doors to new opportunities,” says Mike BeDell, CEO of Secure-24. “With the combined expertise of both companies and Symmetry’s extensive portfolio of managed SAP services we are now in a position to deliver greater value to our customers around the world.”
Symmetry possesses expertise in SAP managed services, which it delivers to large enterprise clients in diverse industries including consumer products, life sciences, manufacturing, and high-tech in the U.S., which is the world’s largest market for managed services. Symmetry also offers migration and operations services for SAP S/4 HANA, a flexible, high-speed platform that is expected to be widely deployed.
“For more than 20 years, Symmetry has been committed to delivering the highest quality SAP cloud hosting and application management services to the market and our customers,” says Pete Stevenson, chairman and CEO of Symmetry. “We look forward to delivering even greater value to our customers with the expanded offerings and global resources that Secure-24 offers, without sacrificing the high touch support and commitment to success our team executes on and our customers have come to expect.”
The transaction is expected to close this year and is subject to regulatory approvals. Through this 100 percent acquisition, Symmetry will be fully integrated into the NTT Com ecosystem, including its total managed IT service, as well as cloud, network, and data center services, for increasingly robust managed operation and maintenance of clients’ hybrid IT environments.