Perth-based Dienst Consulting was acquired by Australian systems integrator MOQdigital for $ 3.78 million as the latter continues to expand in the West.
After expanding to Western Australia late last year, ASX-listed systems integrator MOQdigital purchased the Perth Dienst-based IT consultancy for nearly $ 3.8 million in cash and stocks. The deal will see 30 professionals added to MOQdigital’s core services practice, including Managing Director Alan Hodson and Dienst’s key leadership team. The company achieved nearly $ 8.5 million in revenue last year.
Founded by Hodson in 2012, Dienst – which takes its name from the Dutch word for “service” – serves mid-to-large customers with mobility, cloud and data solutions, and will bring dozens of current customers to MOQdigital as well. as partnerships with existing suppliers. According to its website, Dienst has completed more than 640 projects for more than 430 customers, and in its 2020 fiscal year before Covid, the company has grown by 37%.
“Dienst has built a legacy of 10 years of service in the market,” said Hodson. “By joining forces, we see an exciting opportunity to strengthen our capacity and ability to provide world-class service and support to our current and future customers. With MOQdigital, we will continue to accelerate cloud adoption and digital transformation with end-to-end solutions from technology partners such as Citrix and Microsoft.
In addition to strengthening its local footprint and providing an additional platform to expand its focus on digital security and cybersecurity services in the Western Australia market, MOQdigital also cited Dienst’s Citrix Platinum Plus Solutions Advisor partnership. as helping to strengthen MOQ’s Modern Workplace practice. The combined business will be overseen by Steve McNally, who was appointed State Director of MOQ Expansion in WA in November of last year.
“The acquisition of Perth-based Dienst builds on MOQ’s growth strategy and accelerates our entry into the Western Australia market. said MOQ general manager Joe D’Addio. “Alan Hodson and his team at Dienst have, over the past 10 years, built a successful business by providing high-value, specialist services to a range of corporate clients and by partnering with leading technology providers such as than Microsoft and Citrix. “
Operating in a number of industries including education, healthcare, transport, financial services and government, MOQdigital was founded in 2005 and is headquartered in Brisbane, with other offices besides Perth in Sydney, Melbourne and Colombo, Sri Lanka. Since going public in 2015, the company has grown revenue to over $ 65 million, and despite a 4% impact from Covid last year, the MOQ remains geared toward inorganic growth.
“Almost two years ago, MOQ embarked on the [$6.4 million] the acquisition, transition and integration of Wardy IT Solutions, ”D’Addio said in a statement to ASX. “This transaction has proven to be a very successful transaction which has positioned MOQ as a competitive supplier in the digital transformation services market. MOQ will take a similar approach for the transition of Dienst staff, customers and partners to the MOQ business model.