SECURE-24 ACQUIRES SYMMETRY

NTT Communications Corporation announced today that its subsidiary Secure-24, has entered into a definitive agreement to acquire the whole of US-based Symmetry Holding Inc.

Secure-24, provides mission critical application hosting, managed IT, and cloud services to enterprises with focus on support, governance and compliance.

Certified in SAP Hosting, Cloud and SAP HANA Operations, Symmetry manages complex SAP implementations across varying environments including on-premise, hosted, private, public, and hybrid cloud.

“The acquisition of Symmetry allows us to strengthen the comprehensive managed services we provide to our customers, while opening doors to new opportunities,” said Mike BeDell, CEO, Secure-24. “With the combined expertise of both companies and Symmetry’s extensive portfolio of managed SAP services we are now in a position to deliver greater value to our customers around the world.”

NTT said with this 100 percent acquisition, Symmetry’s unique strengths will be fully integrated into its ecosystem, including its total managed IT service, as well as cloud, network and data center services.

“For more than 20 years, Symmetry has been committed to delivering the highest quality SAP cloud hosting and application management services to the market and our customers,” said Pete Stevenson, Chairman and CEO of Symmetry.

“We look forward to delivering even greater value to our customers with the expanded offerings and global resources that Secure-24 offers, without sacrificing the high touch support and commitment to success our team executes on, and our customers have come to expect.”

Although the financial worth of the acquisition deal wasn’t disclosed, NTT however, said that the transaction is subject to regulatory approvals and expected to close later this year.