Atturra to acquire Chrome Consulting for ECM market growth

Atturra is set to acquire Melbourne-based Chrome Consulting, a partner with OpenText in Enterprise Content Management (ECM).

Atturra, a provider of IT solutions, has signed a Share Sale Agreement through its subsidiary Anatas to acquire Chrome Consulting. This acquisition has been identified as "Acquisition 3" in Atturra's recent Capital Raise presentation.

Chrome Consulting is known for its expertise in SAP/OpenText partnership, aiming to enhance ECM services within the SAP ecosystem from advisory through implementation and support. The company's notable work includes assisting SAP clients with S/4 HANA data optimisation, decommissioning, and transformation. Chrome has been recognised for improving cyber resilience, efficiency, and value for its clients.

The Chief Executive Officer of Atturra, Stephen Kowal, commented: "This is yet another exciting acquisition for Atturra that makes us a true market leader in ECM in Australia, 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. Chrome's core offerings and its industry solutions strengthen Atturra's portfolio, and we see significant upside in the potential to expand into enterprise solutions, something I mentioned in the FY24 Annual Results Presentation."

He added: "This is another great step in Atturra's strategy of picking leading technologies, as part of our technology strategy, and focusing on being a market leader, ensuring we can offer best-in-class solutions to our clients. We welcome Mark Frear, Athol Hill and Daniel Jewell and the wider Chrome team to Atturra and look forward to working closely with them to integrate the Chrome business into Atturra."

Mark Frear, the Chief Executive Officer of Chrome Consulting, expressed: "This is an exciting move for Chrome accelerating the next stage of growth as Atturra brings a similar partner-friendly attitude and culture while adding significant complementary capabilities in service delivery managed support and a different customer base. Combined, the acquisition will allow us all to tackle the significant opportunities ahead and deliver even more customer success."

He continued: "With Atturra we can address the SAP ecosystem's needs more effectively as the deadline for SAP ECC approaches."

The acquisition is scheduled for completion around 24th December 2024, subject to conditions set forth in the Share Sale Agreement, including necessary consents for change-of-control under Chrome's key contracts.

The Share Sale Agreement includes customary terms such as conditions precedent, representations, warranties, and indemnities expected in transactions of this kind.