Dialog Axiata Group acquires systems integration business of VSIS

Wednesday, 4 March 2020 00:06 - - {{hitsCtrl.values.hits}}

From left: VSIS Director Kaushala Lankadhikara,VSIS Director Kithsiri Gunasekara, VSIS Director Saman Silva, VSIS Director Prasanna Wijeratna, VSIS Managing Director Priyanga Gunasekera, Dialog Axiata Group Chief Executive Supun Weerasinghe, Dialog Axiata Vice President Venura Mendis, Dialog Axiata Group Chief Financial Officer Yap Wai Yip and Dialog Axiata Vice President – Group Corporate Planning and Strategy Munesh David

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has announced that it had entered into an agreement to acquire the Systems Integration (SI) Business of V S Information Systems Ltd. (VSIS), namely VSIS Enterprise Solutions Ltd. (VES) through Dialog Broadband Network Ltd., (DBN), a fully owned subsidiary of Dialog.

VSIS is privately owned with VES generating an annual turnover of Rs. 2.7 billion. The transaction is expected to be completed in April 2020.

Dialog is a leader in the provision of world-class Enterprise Solutions and was awarded a Tier III Certification for its state-of-the-art Data Centre Infrastructure. The complementary product portfolios of Dialog and VES alongside the best in class ICT solutioning capabilities of VES are expected to combine synergistically towards providing Sri Lankan Enterprises with world class solutions across multiple domains of digital transformation including but not limited to Cloud, IoT, AI and Advanced Connectivity.

“The acquisition of VES by Dialog is aimed at widening our Enterprise service offering in Sri Lanka and across the Axiata footprint in Asia. Dialog is proud to partner a wide spectrum of enterprise customers in their Digital Transformation journeys. The combination of VES and Dialog will no doubt strengthen our offering in terms of empowering our customers with the tools and infrastructure necessary to compete in an increasingly technologically sophisticated global marketplace,” stated Dialog Axiata PLC Group Chief Executive Supun Weerasinghe.

VSIS Director/CEO Priyanga Gunasekara stated: “VSIS has grown to be a leader in the Systems Integration Business in ICT sector of Sri Lanka in a short span of 10 years. While this growth was achieved organically, we believe with additional investments coming into VES from DBN, VES will be able to grow exponentially. This acquisition would strengthen VES financially while broadening the offerings of both ICT and mobile IOT services to our customers.”

VSIS (Vidya Shilpa Information Systems) has established itself as a leader in the provision of ICT solutions in the Sri Lankan market. VSIS was established in 2009, which is a part of VS Group which has been in business since 1978. Since its inception VSIS has been focusing on delivering solutions to varying complex requirements of Sri Lankan Enterprises which had evolved over time with technological advancement.

Harnessing the full potential of Sri Lanka’s technical expertise, and engaging global leading technologies that include HP, Oracle IBM, Microsoft, Cisco and RedHat, VSIS delivers an exceptional customer experience to all sectors of the Sri Lankan market.