
SCD Advisory is pleased to announce that it has advised Hammond Street Developments (HSD), a specialist Microsoft services provider to the government sector , on its sale to Atturra.
The acquisition of HSD will have minimal impact on the Atturra FY23 results, with the forecast EBIT offsetting acquisition and integration related Expenses.
The HSD team specialises in Microsoft services and has a significant portfolio of Australian government clients enhancing Atturra’s already strong public sector portfolio and Microsoft services client base.
CEO of Atturra, Stephen Kowal, said: “The addition of HSD to the Atturra family is highly beneficial for our clients and shareholders and demonstrates our ongoing commitment towards growing our business in the government sector, in particular the Victorian public sector and to Microsoft, one of our main technology partners. HSD have a very strong client focus which is evident in their recurring revenues across their top 10 clients, and I am looking forward to working with Narendra and the HSD team.”
CEO of HSD, Narendra Tomar, added: “This is an exciting move for HSD, our team, our valued and supportive clients, and our partners. In considering this transaction it became clear to us that Atturra shares our relentless quest for client focus, team culture and values and is respected widely for its authenticity and service excellence. The team at HSD are very proud of the business solutions we have delivered to our clients and are committed and excited to build on this value for our clients as part of the Atturra team.”
Narendra Tomar commented on SCD’s role:
SCD Advisory’s deep understanding of the IT services consultancy sector proved invaluable in executing a deal with Atturra. We were highly impressed with SCD’s ability to act in our best interests throughout the transaction and conduct negotiation in a professional manner.
Pierre Briand (Founder of SCD Advisory) concluded:
We wish Narendra and his team all the best with Atturra, a leading IT services company listed on the ASX. This deal is a good example of SCD’s priorities for shareholder alignment and ability to deliver in the IT services sector, an area of our specialisation.
At SCD Advisory, we offer a range of services from deal preparation to transaction execution. Contact us at info@scdadvisory.com to find out more.
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