LONDON: Computacenter plc, a leading independent technology and services provider, Thursday announced the acquisition of AgreeYa Solutions Inc., a professional services business focused on the US enterprise market and the assets of the associated business, AgreeYa India, for an enterprise value of up to $120m (USD).
AgreeYa is a technology solutions partner, headquartered in Folsom, CA, that has been providing professional services to enterprise customers across the United States for over 26 years.
It serves large customers in a range of markets including telecommunications, financial services, professional services and state/local government.
The company has over 600 people in the United States and over 700 in India (including contract staff), where the main base is Noida, near Delhi. AgreeYa is expected to report consolidated revenue (all professional services) in 2025 of approximately $120m with Adjusted EBITDA of approximately $14m.
The transaction will be funded from existing cash resources and is expected to be immediately earnings accretive. The existing AgreeYa leadership will stay to run the business which will be fully integrated, over time, into Computacenter’s US and India operations.
AgreeYa enhances Computacenter’s existing capabilities in the areas of cloud, data, automation and AI; digital engineering (app modernisation, development and testing); modern workplace and IT staffing (expert services).
The addition of AgreeYa to Computacenter North America is expected to increase Computacenter’s annualised North American Professional Services revenue to over $350m. Additionally, the capabilities of AgreeYa’s team in India will further enrich Computacenter’s European business through the transfer of specialised skills and innovation.
Mike Norris, CEO of Computacenter said: “We are excited by the development of our North American business and continue to invest in securing further growth. AgreeYa brings us more target market customers, which we always want from our acquisitions. In addition, AgreeYa brings capabilities that we have in Europe but do not have in the United States, specifically in key parts of our professional services portfolio.
The US and India based expertise that AgreeYa brings will add more value to our enterprise and state government customers in the United States and help us build a more sustainable business in the long-term. We are delighted to have the AgreeYa team joining us to help us to accelerate our growth in North America and develop our strategy in India.”
Ajay Kaul, Managing Director of AgreeYa said: “We are very proud of the team and the business we have built over the last 26 years. Computacenter provides a fantastic home for our customers and our people. Combining our customers and our capabilities to Computacenter’s will unleash the potential of both. They bring services scale which will add credibility and confidence for our customers while the growth opportunity in North America and India will help to sustain and grow careers for our people.”