"This is an exciting acquisition for Atturra that positions us strongly in ECM (enterprise content management), an important and growing segment of the IT services market. The synergies between our service offerings and the cultural alignment of both companies are very strong," said Atturra CEO Stephen Kowal.
"Hayes' core offerings and its industry solutions strengthen Atturra's solution portfolio, and we see significant upside in the potential for introducing Hayes' capabilities to our existing client base. This is another great step in Atturra's strategy of picking leading technology and focusing on being a market leader, ensuring we can offer best-in-class solutions to our clients.
"It also strengthens our footprint in WA, an important geographic region for us. We welcome Duncan Hayes, Amanda Cox and the wider Hayes team to Atturra and look forward to working closely with them to integrate the Hayes business into Atturra."
Hayes CEO Duncan Hayes said "This is an exciting move for Hayes, our team, our valued and supportive clients, and our partners. In considering this transaction it became clear to us that Atturra shares our culture and values and is respected widely for its authenticity, service excellence and customer focus.
"We very much look forward to working as part of the enlarged Atturra team to deliver value and benefits to our customers and take pride in contributing to the growing capability of Atturra."
OpenText welcomed the acquisition. ANZ regional vice president Mike Saxton said "Atturra and Hayes coming together is superb news not just for OpenText but also for the market.
"The consolidation of two strong service players with such specialised yet complementary offerings means their clients can now derive more value from their engagement, and the OpenText story and its value goes out to more organisations.
"With this acquisition, OpenText customers can now access end-to-end enterprise data and integration solutions from an Australian technology services powerhouse."
The transaction is subject to certain conditions, but is expected to complete on or around 1 June 2022.
It will see Atturra pay $8.5 million in cash, plus further consideration of up to $7.89 million (also in cash) subject to performance hurdles though to the 2024 financial year and the retention of key employees.