Dimension Data has acquired US-based Xigo, a leading provider of telecommunications expense management (TEM) solutions.
In addition to fast-tracking Dimension Data’s Services strategy of becoming a fully-fledged Managed Communications Service Provider, the acquisition enhances Dimension Data’s ability to deliver greater client value across the enterprise with an integrated cost optimization solution for spend analysis, sourcing, provisioning and invoice processing.
Dimension Data will immediately focus on increasing Xigo’s US market share and meeting the TEM needs of multinational organisations. Over time, the services will be rolled out to other countries in the Group.
“Companies turn to Dimension Data because we are able to support their entire IT infrastructure and ensure the best utilization of their investments. The acquisition of Xigo is a perfect complement, as it extends this capability beyond integration and management of technology. Telecom expense management has grown to encompass the entire lifecycle of telecommunication services, including inventory and asset management, ordering and provisioning,” said Steve Joubert, Dimension Data’s group executive for global solutions.
The transaction is effective 18 January and the financial terms of the acquisition were not disclosed.