E& Enterprise Expands Global Footprint With Türkiye-Headquartered GlassHouse Acquisition For $60 Million

e& enterprise, the digital transformation division of e&, has finalised its $60 million purchase of GlassHouse. This Türkiye-based company specialises in managed cloud, business continuity, and SAP Infrastructure services. The acquisition was initially announced in June this year.

This acquisition enhances e& enterprise’s private cloud and managed services capabilities. It also adds SAP expertise and vertical knowledge within the banking and financial services sector. GlassHouse's specialist skills in these areas are a valuable addition.

The deal marks a significant milestone in e& enterprise’s international growth strategy. Following successful market entries into Saudi Arabia in 2019 and Egypt in 2023, they have now expanded into Türkiye, Qatar, and South Africa. This move increases e& group's operational footprint to 34 markets.

Now part of the e& enterprise family, GlassHouse will maintain its brand identity and operate independently as a wholly-owned subsidiary. The company is strategically positioned to enhance e& enterprise’s SAP capabilities in both the UAE and Saudi Arabia.

Founded in 2004, GlassHouse has become a key player in cloud services. It provides managed cloud, business continuity, on-premise backup, private sovereign cloud, and SAP Infrastructure services to over 2,000 enterprises across selected regions.

Leadership Insights

Salvador Anglada, CEO of e& enterprise, expressed his enthusiasm: "We are thrilled to welcome GlassHouse into the e& enterprise ecosystem as we continue to bolster our value proposition by reinforcing our capabilities, adding vertical expertise, and expanding into high-growth markets. This acquisition is another bold step in our journey to becoming a regional leader in end-to-end digital transformation."

Alp Bağrıaçık, CEO of GlassHouse, shared his excitement: "I am both proud and delighted to announce the successful integration of our company into the e& enterprise ecosystem. By harnessing e& enterprise's robust portfolio, we will provide our customers with cutting-edge security solutions and innovative strategies to accelerate their digital transformation journey."

GlassHouse's Market Presence

GlassHouse has established a strong presence in the financial services sector. It serves nine of the top 10 banks in Türkiye. This robust market position underscores its expertise and reliability.

The integration with e& enterprise is expected to drive further growth for GlassHouse. The strategic focus will be on enhancing SAP capabilities within key markets like the UAE and Saudi Arabia.

The acquisition signifies a bold step for e& enterprise towards becoming a regional leader in digital transformation services. The combined strengths of both companies are set to deliver innovative solutions across various sectors.

With inputs from WAM