ACT ANNOUNCES ACQUISITION OF KEY COMPETITOR IGNITION BERMUDA LTD
Hamilton, Bermuda –March 7th, 2016 – Applied Computer Technologies Ltd (ACT) announced today that they have acquired Ignition Bermuda Ltd. The Terms of the agreement have not been disclosed, however both parties are proud to announce that all Bermuda based Ignition employees have been offered equivalent employment within ACT and that there are no planned redundancies as part of the transaction.
The acquisition of Ignition is a key milestone for ACT and it further solidifies their presence as the dominant market leader for all things IT in Bermuda. Dave Bart, CEO of ACT, is very pleased with getting the deal done. “We are very excited to be bringing our established and successful service methodology to the Ignition customer base. By acquiring Ignition we are poised to leverage our recent investment in Cloud technology and provide the island with the only true offshore Cloud infrastructure where data can reliably and safely be stored.”
Mr. Bart went on to say that this is “a good news story for Bermuda. It reinforces our commitment to ensuring Bermuda has all of the core technologies required to support the global landscape of our customer base.” After the acquisition, ACT will have 60 employees with the ability to support solutions in multiple jurisdictions including the US, Canada, Caribbean and UK.
Applied Computer Technologies is a leading provider of integrated technology services. For 33 years our customers have valued our teamwork, expertise and passion for helping them succeed now and into the future. To learn more, visit www.act.bm