e& enterprise, has announced the successful completion of its US$ 60 million acquisition of GlassHouse, a leading Turkey-based provider of managed cloud, business continuity and SAP Infrastructure services. As the new wholly-owned subsidiary of e& enterprise, GlassHouse will retain its brand identity and continue to operate independently.
Readers would recall that the acquisition was originally announced in June this year. It strengthens e& enterprise’s capabilities in private cloud and managed services, bolstering its overall value proposition with the addition of SAP capabilities. With this acquisition, e& enterprise has increased its operational footprint to 34 markets including recent forays into Saudi Arabia, Egypt, Qatar and South Africa.
Salvador Anglada, Chief Executive Officer, e& enterprise, said, “We are thrilled to welcome GlassHouse into the e& enterprise ecosystem as we continue to bolster our value proposition by reinforcing our capabilities, adding vertical expertise, and expanding into high-growth markets.”
Alp Bağrıaçık, CEO, GlassHouse, said, “By harnessing e& enterprise’s robust portfolio, we will provide our customers with cutting-edge security solutions and innovative strategies to accelerate their digital transformation journey.”
Founded in 2004, GlassHouse has established itself as a prominent player in the cloud services sector. It offers managed cloud, business continuity, on-premise backup, private sovereign cloud, and SAP Infrastructure services to over 2,000 enterprises in select geographies. The company boasts a robust presence in the financial services sector, serving nine of the top 10 banks in Turkey.