DiData’s plan to buy NextiraOne first became public knowledge in December 2013 via an announcement made by the European Commission, which was examining the deal.
As forecast, DiData has handed over an undisclosed sum for the assets and 1,850 permanent employees of NextiraOne’s business in Austria, Belgium, the Czech Republic, Germany, Hungary, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Spain and the UK.
It had not previously had feet on the street in Austria, Hungary, Ireland, Poland, Portugal or Slovakia, said DiData European CEO Andrew Coulsen.
Subject to performance goals being met, it hopes to swallow the French and Italian operations in 2015.
Despite keeping quiet on what it paid for NextiraOne, DiData claimed the transaction was one of its “largest acquisitions” in many years.
“Last year, the Group announced it will double its revenue over the next five years from $6bn to $12bn,” said DiData CEO Brett Dawson.
“The purchase of NextiraOne is the first major step on this five-year journey. With this transaction, Dimension Data will enter new market segments, grow our client base, and add 1,850 talented employees with great skills to the Dimension Data family. It also provides us with the opportunity to expand into the middle market.
“Our vision is to become Europe’s leading IT solutions and services provider,” added Dawson.
NextiraOne CEO David Winn said the firm’s heritage in comms, UC and collaboration combined with the IT and cloud assets of both firms would result in a powerful proposition.
DiData plans to erase the NextiraOne brand by May, with Coulsen remaining in charge of the enlarged operation, while NextiraOne’s Winn takes charge of its remaining European business, while also acting as a DiData advisor for client and vendor engagements.
The duo share a number of vendor partners in common, including Cisco, Genesys, Microsoft, NICE Systems, NetApp and VMware.