Sydney, Australia, 2nd August 2021: Brennan IT announced it has acquired Forsythes Technology, a Newcastle/Mid North Coast based IT and communications service provider that supports over 150 regional businesses.
The decision to acquire Forsythes Technology forms part of Brennan IT’s strategic growth objectives for the coming year, after a record FY21 year in new business wins, and will significantly enhance service delivery capabilities throughout Newcastle and the Hunter region.
Brennan IT’s Managing Director Dave Stevens says, “The acquisition of Forsythes Technology is an important pillar within our strategic plan to improve and grow our service to regional businesses.” When making the decision to acquire Forsythes Technology we identified meaningful synergies with our managed services, security and cloud products and services, and significant areas that Brennan’s existing customers will benefit from, like Unified Communications and Mobile Telecoms.” He adds, “Importantly for both businesses’ people, our company values and culture are also aligned, which makes the acquisition a great fit”.
Forsythes Technology CEO Jeffery Hughes said “We are excited to be joining Brennan IT, gaining access to advanced, innovative tools, systems, and internal business process and development teams that will enable us to scale and better service our existing and new customers. It is also a fantastic opportunity for our team of employees, who will have more opportunity for career growth and development, and for Brennan’s Newcastle based team to have a regional home “.
The Forsythes Technology brand will transition across to Brennan IT in the coming months.
Brennan IT continues to deliver measurable and purposeful outcomes for their customers via a suite of managed IT service solutions, with notable business wins including Aurizon, HammondCare, Wellways, and mycar.
Through selected acquisition, new business wins and additional service offerings, FY21 saw Brennan IT’s revenue increase to $120M, a trend they are forecasting to continue in FY22.
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