This is M&A deal 335 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
Also based in Sydney, Experteq provides cloud, virtual desktop, and enterprise mobility services consulting and professional services.
TAS is a managed services provider with 36 years of experience, especially within the financial services and insurance sector. Indeed, TAS serves more than 40 percent of Australia's tier 2 and 3 banks, mutual banks, credit unions, and building societies, as well as several insurance companies, the company says.
TAS and Experteq have a history stretching back more than a year, with Experteq already delivering consulting engagements to TAS clients. Experteq has also subcontracted the security professionals from TAS to provide compliance services for some of its clients, the companies said.
TAS also has experience in robotic process automation,
TAS Acquires Experteq: Executive Insight
Frank Mulcahy, managing director, ExperteqExperteq Managing Director Frank Mulcahy commented on the acquisition:
"We are thrilled to join TAS and create a strengthened value proposition for our existing clients, as well as expand our combined services to the broader FSI sector. From our time already partnering with TAS, the joint business opportunities are significant."
TAS CEO Shane Baker said:
"We’re delighted to announce this significant acquisition. We’ve been working with Experteq for over a year on several projects and have total confidence in Experteq’s capability, strategic alignment, and cultural fit. Bringing TAS and Experteq together creates significant value, providing our clients and partners with a greater breadth of capability. Combined, we now can consult, deliver, and manage end-to-end cloud technology which is unique in the industry."
Given the complementary nature of the businesses, TAS said there will be no immediate change to the structure of either organization. Instead, TAS will leverage Experteq’s suite of professional services for its clients and Experteq will make use of TAS’ managed services expertise, according to the firm.
