Listed technology provider Computacenter plc has acquired professional services company AgreeYa Solutions Inc in a deal worth a potential $120 million (£89m).
AgreeYa, founded 26 years ago and headquartered in California, is focused on the US enterprise market. It serves large customers in a range of markets including telecommunications, financial services, professional services and local government.
The deal includes the assets of associated business AgreeYa India. The company has over 600 people in the United States and over 700 in India, including contract staff.
AgreeYa is expected to report consolidated revenue in 2025 of approximately $120m, with adjusted EBITDA of approximately $14m.
Hertfordshire-headquartered Computacenter, which has offices around the world, says the transaction will be funded from existing cash resources and enhance its existing capabilities in the areas of cloud, data, AI, digital engineering and app development.
The existing AgreeYa leadership will stay to run the business which will be fully integrated, over time, into Computacenter’s US and India operations. Its annualised North American professional services revenue is now expected to rise to over $350m.
“We are excited by the development of our North American business and continue to invest in securing further growth,” said Mike Norris, CEO of Computacenter.
“AgreeYa brings us more target market customers, which we always want from our acquisitions. In addition, AgreeYa brings capabilities that we have in Europe but do not have in the United States, specifically in key parts of our professional services portfolio.
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“The US and India based expertise that AgreeYa brings will add more value to our enterprise and state government customers in the United States and help us build a more sustainable business in the long-term.
“We are delighted to have the AgreeYa team joining us to help us to accelerate our growth in North America and develop our strategy in India.”
Ajay Kaul, managing director of AgreeYa, said: “We are very proud of the team and the business we have built over the last 26 years. Computacenter provides a fantastic home for our customers and our people.
“Combining our customers and our capabilities to Computacenter’s will unleash the potential of both. They bring services scale which will add credibility and confidence for our customers while the growth opportunity in North America and India will help to sustain and grow careers for our people.”