e& enterprise completes $60mln acquisition of GlassHouse, expanding into Türkiye, Qatar and South Africa
Aug 29, 2024•over 1 year ago
Acquiring Company
e& enterprise
Acquired Company
GlassHouse
Description
e& enterprise, the digital transformation arm of e&, has successfully completed its US$ 60 million acquisition of GlassHouse, a leading Türkiye-based provider of managed cloud, business continuity, and SAP Infrastructure services. With this acquisition, e& enterprise expands its operational footprint to 34 markets, strengthening its capabilities in private cloud and managed services while marking a significant milestone in its international growth strategy.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed