“The acquisition of Symmetry allows us to strengthen the comprehensive managed services we provide to our customers while opening doors to new opportunities.” – Mike BeDell, CEO of Secure-24
On June 26, 2019, NTT Communications Corporation (NTT Com) and Symmetry Holding Inc. (Symmetry) announced Secure 24’s, an NTT Communications Company since 2001, 100% acquisition of Symmetry, a leading provider of SAP Managed Services. While the transaction is expected to close in 2019, NTT Com, Secure 24, and Symmetry will continue to operate independently until then.
NTT Com, a global ICT company that provides services and solutions to corporate clients and a wholly owned subsidiary of NTT headquartered in Tokyo, Japan, is reinforcing its managed services capabilities to support its clients’ digital transformations as a DX Enabler™. As a member of NTT, one of the world’s largest telecommunication companies, Secure 24 has been delivering such key capabilities of NTT Com in the US market since 1999.
In the acquisition, Secure 24 leverages Symmetry‘s extensive expertise in SAP managed services, Oracle application comprehensive managed services and security compliance services. Aside from offering migration and operations services for SAP S/4 HANA, more importantly, Symmetry delivers to large enterprise clients in diverse industries such as consumer products, life sciences, manufacturing and high-tech in the U.S., the world’s largest market for managed services.
Mike BeDell, Chief Executive Officer of Secure-24 said,
“The acquisition of Symmetry allows us to strengthen the comprehensive managed services we provide to our customers while opening doors to new opportunities. With the combined expertise of both companies and Symmetry’s extensive portfolio of managed SAP services we are now in a position to deliver greater value to our customers around the world.”
On Symmetry’s side, Pete Stevenson, Chairman and CEO expressed
“For more than 20 years, Symmetry has been committed to delivering the highest quality SAP cloud hosting and application management services to the market and our customers.” He further explained that the company’s customers will benefit from the expanded and global resources of Secure-24 and that the commitment to success and high-touch support to customers remain the same.
The Rationale of the Acquisition
Symmetry’s customers are Secure 24’s potential current and future buyers. Since Secure 24 and Symmetry are driven by similar principles of delivering flexible and scalable solutions, Secure 24 intends to utilize its comprehensive managed cloud services and mission-critical hosting application capabilities in combination with Symmetry’s advanced SAP technologies, helping Symmetry’s customer further grow their businesses.
Products and Services
Being in the industry for more than 23 years, Symmetry offers a suite of managed SAP, enterprise cloud, IT and security, and compliance services. With its proprietary client-centric business model – The Symmetry Way – combined with the industry’s most advanced SAP hosting platform and industry-leading ControlPanelGRC® software suite, Symmetry delivers expert, high-touch SAP application management services across all deployment environments, including on-premise, hosted, and private, public and hybrid cloud.
For over 18 years now, Secure 24 has been delivering mission-critical application hosting, comprehensive managed IT, and cloud services to enterprises globally. The company is an SAP-certified Hosting, HANA, and Cloud Partner, a Microsoft Gold Partner and an Oracle Gold Partner managing Oracle E-Business Suite, PeopleSoft, JD Edwards and Hyperion applications across all industries for businesses of every size. Secure 24 also offers private, public, and multi-cloud managed services.
Secure 24 and Symmetry’s products and services are complementary wherein Secure 24 intends to integrate Symmetry SAP Managed Services and other services to its existing portfolio.
After the transaction is completed, Symmetry’s unique strengths such as its total managed IT service, cloud, network, and data center services will be fully integrated into NTT Com ecosystem to further increase the robust managed operation and maintenance of their clients’ hybrid IT environments.
This acquisition will benefit both companies’ clients worldwide on their journey to digital transformation.