ACS, a global Fortune 500 company with more than 60,000 people on its payroll has informed that it has acquired Syan Holdings Ltd. for about $60 million. Syan Holdings is a UK based information technology company. It would be an all cash transaction, Syan is allegedly trailing twelve months revenue amounting to approximately $75 million.
Derrell James, ACS senior managing director of IT Outsourcing said, "This acquisition strengthens ACS' end-to-end IT services. Syan's data center facilities in the United Kingdom, combined with their exceptional subject matter expertise, will enable ACS to provide clients with multi-scope IT services on a global scale. Syan's clients will be backed by a FORTUNE 500 company that offers a global delivery model, and ACS will be able to leverage an impressive suite of ITO services for our global clients who have operations in the United Kingdom and Europe.”
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