BANGALORE, INDIA: Allied Digital Services Ltd. (ADSL), a leading Indian, enterprise IT infrastructure management services provider has acquired 80.5% stake in IT Infrastructure management/remote management services provider EnPointe Global Services Llc., a carved out subsidiary of EnPointe Technologies Inc. (ENPT).

The transaction, which has been solely advised by Singhi Advisors Limited is a combination of cash and equity swap, entailing upfront cash payment of $10 million and issuance of 745,000 equity shares of ADSL to ENPT, with an additional cash infusion of $USD 4 Million in En Pointe Global. This acquisition is revenue and earnings accretive to ADSL and is expected to strengthen the opportunity pipeline for the company in the US market for its remote service offering (NOC + SOC) and also use the acquired entity as a platform for several other inorganic growth initiatives across the globe. 

En Pointe Global has contracted revenues of $40 million, with gross margins of 35 percent. En Pointe Global  will receive on going marketing and business support from $350 million En Pointe Technologies, which has a strong sales team, reach and credibility established over last 15 years of operation in the US market and an established presence across 44 states and a client base which includes several Fortune 1000 corporate across BFSI, healthcare, retail, manufacturing, aviation, transportation sectors. 

Nitin Shah, chairman & managing director, Allied Digital, said, "This acquisition underlines our commitment to expand geographically in the IT infrastructure management domain. The fact that En Pointe is a well-established company serving the US market, gives us a  ready base to expand our presence and leverage on the tremendous cross selling opportunity in remote management services and managed security segment in US."