Atturra strengthens OpenText ECM position

Atturra (ASX:ATA), a leading technology services company, announced its acquisition of Chrome Consulting Pty Ltd. Chrome Consulting, based in Melbourne, is a recognized OpenText Enterprise Content Management (ECM) partner with expertise in SAP ecosystems. The acquisition aims to strengthen Atturra's market position in OpenText ECM in Australia, expand its data services, and grow its client base.

Acquisition details and future outlook

Atturra has acquired Chrome Consulting Pty Ltd through its subsidiary Anatas Pty Ltd. This acquisition enhances Atturra's ECM capabilities, particularly with OpenText solutions, and expands its data services across SAP and Microsoft landscapes. The deal is valued at a multiple of 7.5 times forecast EBITDA, with integration costs expected around $300,000. Atturra aims to leverage this acquisition to bolster its market leadership in ECM and to better address the evolving needs of the SAP ecosystem. The acquisition is projected to close by December 24, 2024, pending necessary consents, marking a significant step in Atturra's strategic expansion.

Executive insights on strategic acquisition

This acquisition represents a strategic fit and synergy between the two companies,' stated Atturra's CEO, Stephen Kowal. 'The complementary capabilities and growth prospects are significant,' remarked Chrome's CEO, Mark Frear.