Mooreland Partners advises Xigo, LLC in its sale to Dimension Data plc
Manassas, Virginia/Johannesburg, South Africa – 7 February 2012 – Mooreland Partners is pleased to announce that it acted as the exclusive financial advisor to Xigo, LLC in its sale to Dimension Data plc. Dimension Data, the $5.8 billion global specialist IT solutions and services provider has acquired US-based Xigo a leading provider of telecommunications expense management solutions. In addition to fast-tracking Dimension Data’s Services strategy of becoming a fully-fledged Managed Communications Service Provider, the acquisition enhances Dimension Data’s ability to deliver greater client value across the enterprise with an integrated cost optimization solution for spend analysis, sourcing, provisioning and invoice processing.
Steve Joubert, Dimension Data’s Group Executive, Global Solutions said, “Companies turn to Dimension Data because we are able to support their entire IT infrastructure and ensure the best utilization of their investments. The acquisition of Xigo is a perfect complement, as it extends this capability beyond integration and management of technology. Telecom expense management has grown to encompass the entire lifecycle of telecommunication services, including inventory and asset management, ordering and provisioning. As clients evolve their networks to address globalization, mobile device proliferation, virtualization and cloud, Xigo will be instrumental to helping them implement the most cost-effective roadmaps and architectures for both internal and external communication.”
Xigo CEO, Dave Spofford said, “Today, the center of business sits at the edge of the network, and companies need a firm grasp on their mobile and fixed network costs to operate in an increasingly global economy. The combination of Dimension Data’s global footprint and Xigo’s unique cloud-delivered services creates a tremendous opportunity for organizations to manage their voice and data networks more cost-efficiently with a complete lifecycle of services.”
The transaction is effective 18 January and the financial terms of the acquisition were not disclosed.