Lebanon Businessnews News

Data Consult
acquires Worldnet
Plans more acquisitions in next few months
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Data Consult, a company that offers ICT solutions, fully acquired Worldnet, which specializes in workspace virtualization and Cloud solutions.

The move is part of Data Consult’s strategy to expand geographically and technologically. The acquisition is a result of six months of discussions. The financial advisory firm is Creed Capital.

Marc Nader, Chief Operating Officer at Data Consult said: “The consolidation of IT companies is becoming a worldwide trend that ushers customers to a full package of services from one location.”

“Acquiring this company allows us to offer services we did not have before and gives Worldnet access to a wider customer base,” he said.

Data Consult Holding now has three companies: Data Consult, Exeo, and Worldnet, which has a staff of 15. It is currently expanding Worldnet’s operations and hiring new staff. “We are in negotiations to make other acquisitions in the coming few months,” Nader said. Creed Capital is assisting with the new acquisitions.
Reported by Yassmine Alieh
Date Posted: Apr 22, 2016
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