G3 Global has completed a cash funded acquisition of Diagonal Consulting, a company which had belonged to the recently liquidated 2e2.
Founded in 1986, Diagonal is a systems integrator that provides SAP implementation and consulting services. G3 Global has said that the acquisition of Diagonal will allow to deliver a ‘wider portfolio of services to the combined customer base’.
2e2’s recent collapse meant that hundreds of staff were made redundant and customers were asked by administrators, FTI Consulting, to stump up hundreds of thousands of pounds to keep data centres running while systems were migrated out of 2e2’s environment.
Diagonal was acquired by Morse PLC in 2004 and was later transferred to 2e2 in 2010. FTI Consulting has agreed to support the transition of Diagonal customers as well as the Diagonal trademarks.
G3 Global is offering immediate access to the G3 Global helpdesk function, whilst deploying resources to develop transition plans.
Diagonal, under G3 Global, will be offering application maintenance and support, fully managed services, hosting and mobility. G3 has also said that the acquisition will allow the two companies to ‘enjoy stronger physical US and European presence’.
“Having enjoyed an active US customer base over the last 10 year, we have been planning formal incorporation into North America for some time. The Diagonal acquisition is not only an important strategic opportunity to build a greater presence in the U.S., but also a fitting business match for both employees and customers,” said Chris Gunter, CEO of G3 Global.
“The leadership Steve Woodgate and his Diagonal team bring to the table adds significant value to our global and local customer base.”