Solucom and KLC join forces
- November 8, 2006Regulated information
Solucom Group announces it has purchased today the entire equity of KLC, a consulting firm specialising in outsourcing and information systems (“IS”) governance.
Backed by some fifteen consultants, KLC provides consulting services from the beginning of the project process in the field of strategy design and infrastructure management. These are all services currently offered by Solucom Group.
A strategic theme: IS governance
This acquisition will give Solucom Group a leading position in the key IS governance business. IS governance can be defined as all functions designed to ensure that the information system serves the corporate strategy and its value creation objectives.
KLC's expertise in this field will enable Solucom Group to become involved at the heart of discussions between IT and business departments with regard to efficient and effective management of their information systems.
KLC will also bring the Group its acknowledged know-how in outsourcing: consulting for infrastructure and applications management and outsourcing of the research function.
Boosted by Solucom Group's large client base and market positions, KLC will be able to take full advantage of its know-how and the leading reputation of its brand to seize numerous opportunities for growth offered by the market in its fields of expertise.
Furthermore, the natural fit between KLC and Solucom will enable the Group to offer complete solutions to the current concerns of large companies in terms of IS.
A shared operational vision
Both companies share a common culture in terms of innovation, quality of service and operational approach. They are both determined to conduct business completely independently of other market players such as IT service providers, editors, manufacturers and telcos.
KLC's executive team remains at the head of the company and will play a full part in the development of this merger.
Pierre Laigle, CEO and co-founder of KLC stated: “This business combination provides KLC new opportunities for growth while staying true to our original values. Indeed, KLC and Solucom share the same determination to remain independent of other market players and have the same underlying philosophy: focusing on the long term and sustainable client relationships. Furthermore, we managed to witness this similar culture during joint projects that we worked on together over the last two years.”
Pascal Imbert, CEO of Solucom added: “This deal fits perfectly with our strategy to bolster our offering with very high value-added advisory services. We are convinced that IS governance will become a major concern of very large companies and no firm was better placed than KLC to help us achieve our goals for this market.”
A value creating deal
KLC posted 2005 revenues of €2.4m generating an operating margin of some 3%. In 2006, KLC is expected to post significant growth and profitability close to Solucom levels.
The transaction was paid for entirely in cash.
Solucom will consolidate KLC in its Group accounts with effect from 1 November 2006.
Upcoming releases: Turnover for the H1 2006/2007, on 14 November 2006 (after close of trading).
The Solucom Group: Strategy, Design and Governance of Infrastructures
A key player and leader in the field of IT infrastructure consulting, the Solucom Group works with the IT departments of major accounts to develop their infrastructure strategies, design solutions and ensure the governance of their infrastructures.
The Group also consults to Telecoms operators and the media to define their strategy for innovative offerings and services.
Solucom is the partner of the largest French companies in their national and international projects: Air France, Alstom, ANPE, Banque de France, BNP-Paribas, Bouygues Telecom, Crédit Agricole, EDF, Gaz de France, La Poste, L'Oréal, Ministères des Affaires Etrangères, de l'Education Nationale, de l'Intérieur, Neuf Cegetel, Orange, RTE, SFR, SNCF, Société Générale, Suez, Total.
Solucom is listed on Euronext Paris – Eurolist – Section C, NextEconomy section.
ISIN code: FR0004036036 – FTSE: 972, Services Informatiques – Mnemonics: LCO
| Solucom Pascal IMBERT CEO Phone: +33 (0)1 49 03 25 00 Pascale BESSE Finance Director Phone: +33 (0)1 49 03 25 00 |
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