e& enterprise, the digital transformation vertical of UAE telecom giants e&, has taken over 100 percent ownership of Turkey-based GlassHouse, a provider of managed cloud, business continuity and SAP Infrastructure services.
The financial details were not disclosed in the filing with the Abu Dhabi Securities Exchange (ADX), where e& shares are listed.
GlassHouse acquisition
The acquisition of GlassHouse is another milestone in e& enterprise’s journey towards becoming a regional leader in end-to-end digital transformation and establishing Turkey as a key new market. This expansion follows the company’s entries into Saudi Arabia in 2019 and Egypt in 2023.
Established in 2004, GlassHouse Technologies has a team of over 150 employees with offices in Turkey, South Africa, and Qatar. It serves more than 2,000 enterprises, including nine of the top 10 banks in Turkey. Its capabilities extend to on-premise backup and managed services, private sovereign cloud solutions, customer private cloud management, and SAP professional services.
Salvador Anglada, CEO, e& enterprise, commented: “Following our expansions into Saudi Arabia and Egypt, this acquisition underscores our commitment to entering high-growth markets and advancing our cloud innovations and services as we aim to become a MENA leader in end-to-end digital solutions. Turkey’s market offers tremendous potential, and integrating GlassHouse into our portfolio will significantly enhance our capabilities.”
GlassHouse’s acquisition centres on key pillars of e& enterprise’s strategy of strengthening capabilities, adding vertical expertise, and expanding into high-growth markets. It reinforces the company’s capabilities in private cloud and managed services, and also bolsters its overall value proposition, with the addition of SAP capabilities and vertical expertise in financial services.
Alp Bağrıaçık, CEO, GlassHouse, said: “It has been great working with Mediterra Private Equity to build GlassHouse into Turkey’s leading IT infrastructure service company over the last six years.
“As we become part of the e& enterprise family, we will continue to serve our customers with our world-class capabilities. It will allow us to benefit greatly from expanded portfolio resources as well as better geographic reach. We look forward to this new chapter of our journey.”
e& enterprise is committed to providing comprehensive solutions in cybersecurity, cloud, Internet of Things (IoT), and artificial intelligence (AI).
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