Business
Acquisition of AgreeYa Solutions Inc
Computacenter plc has announced the acquisition of AgreeYa Solutions Inc. for an enterprise value of up to $120 million, which is expected to be immediately earnings accretive and funded from existing cash resources. AgreeYa, a US-based professional services business with operations in India, is projected to report consolidated revenue of approximately $120 million and Adjusted EBITDA of approximately $14 million for 2025. This acquisition will enhance Computacenter's capabilities in cloud, data, automation, AI, digital engineering, and modern workplace services, increasing its annualised North American Professional Services revenue to over $350 million and enriching its European business with specialized skills from AgreeYa's Indian team. Disclaimer*
About this update from Computacenter Plc
[{"type":"text","content":"\n\nComputacenter plc\nComputacenter announces acquisition of AgreeYa Solutions Inc ('AgreeYa').\nComputacenter plc ('Computacenter'), a leading independent technology and services provider, is pleased to announce 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).\nAgreeYa 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.\nAgreeYa 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.\nMike 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 m...