Canon Nets Harbour IT
Established IT solution provider Harbour IT offers Cloud Computing, Managed Services, Infrastructure Management and Procurement, and an NBN provider offering satellite, fibre and fixed wireless to customers.
The IT company is “known for its superior cloud platform and innovative offerings for managing complex IT environments,” and is a “logical partner” Canon said today in a statement, confirming it bought a majority stake in the company.
Harbour IT will become part of the Canon Group, a brand best known for its cameras and printers, on October 1st.
The Sydney-based IT firm has other offices in NSW, Melbourne, Brisbane, Manila and 180 employees. Expected revenue for FY15 is $35 million. Harbour IT partners include Cisco, HP and IBM.
The value of the deal was not disclosed but Canon cited synergies that extend “beyond the product offerings.”
The acquisition, the biggest by Canon in the Oceania region, enables both businesses to share cloud-based and managed IT solutions across its customer bases.
The stake in Harbour IT will help grow Canon’s business by delivering value-based solutions to the market, end-to-end managed services customer proposition and will also strengthen its technology assets.
Canon has had significant success in the managed services market and over the last two years reviewed potential IT and BPO businesses in a bid to further build its capabilities as a business services provider, it said today.
“Bringing Harbour IT into the Canon fold means we can offer a greater portfolio of managed services to both customer bases,” said Taz Nakamasu, Managing Director, Canon Australia.
Harbour IT will remain a stand-alone business and brand, with the same management team and structure and will to continue to deliver to customers, while benefitting from Canon’s investment and brand.
Craig Bishop, Managing Director, Harbour IT said “we believe the opportunity to bring together complementary product offerings of both businesses will significantly broaden our existing portfolios, making this a fantastic move for our customers and our people.”
Manson will assume overall leadership for the relationship with Harbour IT, while Josh Watts – Harbour IT General Manager will also be appointed to manage the day-to-day relationship.
“Congratulations to @CanonBusinessAU on it’s acquisition of majority stake in Harbour IT. Looking forward to seeing how it pans out,” Trevor Clarke, Analyst at Tech Research Asia, tweeted.