Paris, January 9, 2012
SII enhances its presence in the Rhone-Alpes region by acquiring OEVO
The SII Group has acquired OEVO, a Lyon-based IT services
company specializing in the development of complex websites
and assistance with the operation of high availability
infrastructures.
In particular, OEVO provides services in the areas of IT
urbanization, business e- transformation and network design
and administration, for a portfolio of clients that include
leading distribution, transportation, banking and healthcare
companies.
OEVO had revenue of 8 million euros in 2011 and employs
almost 100 persons.
SII purchased all of OEVO's shares for cash and will
consolidate the new company in the
Group's financial statements effective January 1, 2012.
This acquisition will strengthen the SII Group's Lyon
operation and improve its national
coverage.
The SII Group was advised in this transaction by Fininnov Corporate Finance (Jacques Paquin) and Fidal
Direction Internationale (Philippe Hutchings).
OEVO's advisers were Duph & Phelps (Philippe Nataf) and Requet Chabanel (Pierre Santamaria).
Next scheduled financial announcement:
Fiscal 2011-2012 third quarter revenue: Tuesday, February 14,
2012 after the close of trading.
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SII - Eric Matteucci - Tel.: 01 42 84 82 22
Media relations: CM-CIC Emetteur - Stéphanie Stahr - Tel.: 01
45 96 77 83
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at: www.groupe-sii.com
As a trusted technology partner, SII provides high value-added solutions for the IT projects of many large corporations. It relies on a staff of expert engineers and on methods at the cutting edge of quality standards to carry out its activities in:
- Technology Consulting (IT, electronics and telecommunications), which accounts for 54% of its business, and
- Systems Integration (IT technology and networks), which accounts for 46% of the total.
SII has opted for a corporate structure that offers the responsiveness and flexibility associated with local-level services, with nine regional offices in France and ten more in other countries, all of which have access to all of the Group's operational resources and can provide effective services to major corporations.
The Group posted revenue of €222.1m in fiscal 2010-2011, which ended March 31, 2011, up strongly from the previous year. Year
after year, SII has been expanding its profitable operations and its growth has significantly outpaced that of other firms in its
sector.
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SII enhances its presence in the Rhone-Alpes region by acquiring OEVO |