by CIO Staff

BT to Buy Services Co. INS for Over $196M

Feb 01, 20072 mins
Mergers and AcquisitionsOutsourcing

U.K. telecommunications carrier BT Group plans to extend its enterprise services offering in the United States with the acquisition of International Network Services.

The Santa Clara, Calif., company’s services include information risk management and infrastructure transformation, and consulting on business productivity and on enterprise architecture and governance.

The acquisition will add 900 staff to the 7,000 already working in BT’s global professional services units.

INS will become a wholly owned subsidiary of BT, part of its Global Services division, as a result of the acquisition. Its CEO, David Butze, will report jointly to Chuck Pol, president of BT Americas, and to Gary Bullard, president of BT Global Business and Services.

BT will pay just over 100 million pounds (US$196 million) for the company, and expects the deal to close in a few weeks, a spokesman said.

INS’ last audited accounts, in September 2005, reported gross assets of $49.7 million.

In October, BT bought another California company, U.S. consultancy Counterpane Internet Security, for a price it said was in the “tens of millions of dollars.” Counterpane, with a staff of 75, monitors and protects the networks of about 550 companies.

-Peter Sayer, IDG News Service (Paris Bureau)

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