Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally.
The acquisition establishes Turkey as a new key market for e& enterprise, following earlier entries into Saudi Arabia in 2019 and Egypt last year, according to a press release.
Founded in 2004, GlassHouse is a provider of managed cloud, data backup, business continuity and SAP infrastructure services with over 150 employees across Turkey, South Africa, and Qatar.
It serves over 2,000 enterprises including nine of Turkey's top 10 banks.
This reinforces the company's position as a major player in regional digital transformation.
The deal comes as e& enterprise aims to enhance its digital transformation offerings and footprint across high-growth regions.
Salvador Anglada, CEO of e& enterprise, said: “Following our expansions into Saudi Arabia and Egypt, this acquisition underscores our commitment to entering high-growth markets and advancing our cloud innovations and services as we aim to become a MENA leader in end-to-end digital solutions.”
“Türkiye’s dynamic market offers tremendous potential, and integrating Glasshouse into our portfolio will significantly enhances our capabilities,” Anglada added.
Alp Bağrıaçık, CEO of GlassHouse, stated: “Being part of the e& enterprise family will allow us to benefit greatly from expanded portfolio resources as well as better geographic reach. We look forward to this new chapter of our journey.”
e&'s net profits increased to AED 2.45 billion in the first quarter (Q1) of 2024 from AED 2.30 billion in Q1-23.
