Dialog Axiata Group acquires Systems Integration Business of VSIS

Dialog Axiata PLC (“Dialog”),  Sri Lanka premier connective provider,  announced recently  that it had entered into an agreement to acquire  the Systems Integration (SI) Business of V S Information Systems  (Private) Limited ( “VSIS”,) namely  VSIS Enterprise Solutions ( Private )Limited (VES)  through Dialog Broadband Network ( Private) Limited (“DBN”), a fully owned subsidiary of Dialog.VSIS is privately owned with VES generating an annual turnover of Rs.2.7 billion. The transaction is expected to be completed in April 2020.

Dialog is a leader in the provision of world class Enterprise Solutions and was awarded a Tier III certification for its state of art Data Center Infrastructure.  The complementary product portfolios of Dialog and VES alongside the best in class ICT solutioning capabilities of VES are expected to combine synergistically towards providing Sri Lankan Enterprises with world class solutions across multiple domains of digital transformation including but not limited to Cloud, IoT, AI and Advanced connectivity.

“ The acquisition of  VES by  Dialog is aimed at widening our enterprise service offering in Sri Lanka and across the Axiata footprint in Asia. Dialog is proud to partner a wide spectrum of enterprise customers in their digital transformation journeys. The combination of VES and Dialog will no doubt strengthen our offering in terms empowering our customers with the tools and infrastructure necessary to compete in an increasingly technologically sophisticated global marketplace,” stated Supun Weerasinghe, Group Chief Executive, Dialog Axiata PLC.

The Director/ CEO of VSIS, Priyanga Gunasekara stated “ VSIS has grown to be a leader in the Systems Integration Business in  ICT sector of Sri Lanka in a short span of 10 years. While this growth was archived organically, we believe with additional investments coming into VES from DBN, VES will be able to grow exponentially. This acquisition would strengthen VES financially while broadening the offerings of both ICT and mobile IOT services to our customers.”