IT services firm Omnitech buys Dutch Avensus for $9 mn

IT  services provider Omnitech InfoSolutions Ltd has announced that it will buy Avensus Netherlands BV, engaged in the IT infrastructure management space, for USD 9 mn.The company will pay an upfront sum of USD 4.8 mn and the remaining amount as deferred payment and earn-out which shall be paid over a period of three years, the company said, in a filing to BSE.Avensus, with a turnover of USD 13 mn in CY09 and team strength of 45 professionals, caters to Netherlands and Luxembourg markets with Fortune 1000 companies as clients in the verticals of BFSI, healthcare and government business.Through this acquisition, Omnitech plans to further leverage the expertise of Avensus and expand across the entire Europe over the period of next three years, the statement said.Omnitech will get an access to over 100 existing customers of Avensus, to explore cross-selling of its services like remote infrastructure management, application management, performance management, business continuity services and domain specific services.