We are delighted to have acted for Riley Solutions, a leading Australian Cloud Managed Services provider on its sale to NCS Group.
Riley Solutions provides digital transformation, data analytics, managed cloud services and infrastructure modernisation services. The acquisition will boost NCS’s cloud consulting capabilities in key APAC markets, and extend NCS's reach into new market segments. Riley will run independently under NCS Group, retaining its senior leadership team.
“The partnership with NCS provides an excellent opportunity for Riley to join a larger organisation and continue our mission to transform business and community with innovative cloud solutions. Throughout the entire transaction process, Grant Thornton's stewardship and guidance was critical in making this opportunity a reality,” said Tom Bernadou, Founder and Managing Director at Riley Solutions.
NCS Group is a multinational IT and communications company based in Singapore, providing business software solutions, infrastructure modernisation, communications engineering, cyber security and digital transformation services, focused on expanding in the Asia-Pacific region.
"These acquisitions are targeted and timely as they will accelerate our expansion into Asia Pacific, particularly in the high-growth markets of Singapore, Greater China and Australia. These markets are seeing digital adoption in both the public and private sectors ratchet up very quickly and we are investing in critical solutions and digital expertise to build out our suite of integrated services," said NCS CEO Ng Kuo Pin.
“We are delighted for both Tom and NCS. This is a natural fit and a wonderful outcome for Tom, his family and the employees at Riley. It was a pleasure to have assisted Tom throughout the process,” said Cameron Bacon, Corporate Finance Partner at Grant Thornton Australia.