Dialog Axiata PLC (“Dialog”), Sri Lanka’s premier connectivity provider, announced on 28 February 2020 that it had entered into an agreement to acquire the Systems Integration (SI) Business of V S Information Systems (Private) Limited (“VSIS”), namely VSIS Enterprise Solutions (Private) Limited (VES) through Dialog Broadband Network (Private) Limited (“DBN”), a fully owned subsidiary of Dialog. VSIS is privately owned with VES generating an annual Turnover of ~ LKR 2.7Billion. The transaction is expected to be completed in April 2020.
Dialog is a s leader in the provision of world class Enterprise Solutions and was awarded a Tier III Certification for its state of art Data Centre Infrastructure. The complementary product portfolios of Dialog and VES alongside the best in class ICT solutioning capabilities of VES are expected to combine synergistically towards providing Sri Lankan Enterprises with world class solutions across multiple domains of digital transformation including but not limited to Cloud, IoT, AI and Advanced Connectivity.
“The Acquisition of VES by Dialog is aimed at widening our Enterprise service offering in Sri Lanka and across the Axiata footprint in Asia. Dialog is proud to partner a wide spectrum of enterprise customers in their Digital Transformation journeys. The combination of VES and Dialog will no doubt strengthen our offering in terms of empowering our customers with the tools and infrastructure necessary to compete in an increasingly technologically sophisticated global marketplace,” stated Supun Weerasinghe, Group Chief Executive, Dialog Axiata PLC.
The Director / CEO of VSIS, Mr. Priyanga Gunasekara stated “VSIS has grown to be a leader in the Systems Integration Business in ICT sector of Sri Lanka in a short span of 10 years. While this growth was achieved organically, we believe with additional investments coming into VES from DBN, VES will be able to grow exponentially. This acquisition would strengthen VES financially while broadening the offerings of both ICT and mobile IOT services to our customers”.
About V S Information Systems Private Limited
VSIS (Vidya Shilpa Information Systems) has established itself as a leader in the provision of ICT solutions in the Sri Lankan market. VSIS was established in 2009, which is a part of VS Group which has been in business since 1978. Since its inception VSIS has been focusing on delivering solutions to varying complex requirements of Sri Lankan Enterprises which had evolved over time with technological advancement. Harnessing the full potential of Sri Lanka’s technical expertise, and engaging global leading technologies that include HP, Oracle IBM, Microsoft, Cisco and RedHat, VSIS delivers an exceptional customer experience to all sectors of the Sri Lankan market.
About Dialog Axiata Group
Dialog Axiata Group, a subsidiary of Axiata Group Berhad (Axiata), operates Sri Lanka’s Leading Quad-Play Connectivity Provider. Dialog Axiata PLC, listed on the Colombo Stock Exchange, supplements its market leading position in the Mobile Telecommunications sector with a robust footprint and market presence in Sri Lanka’s Fixed Telecommunications and Digital Television markets through its fully owned subsidiaries Dialog Broadband Networks (Private) Ltd (DBN) and Dialog Television (Private) Ltd., (DTV). Dialog Axiata Group is Sri Lanka’s largest Foreign Direct Investor (FDI) with investments totaling USD 2.7 Billion.
The winner of six Global Mobile Awards, Dialog has the distinction of being voted by Sri Lankan Consumers as the Telecom Service Provider of the Year and Internet Service Provider of the Year for the eighth and seventh consecutive years respectively at the SLIM-Nielsen Peoples Awards. The Company has topped Sri Lanka’s Corporate Accountability Rankings for the past eight cycles in succession. The Company was awarded Sri Lanka’s ‘Most Valuable Consumer Brand 2019’ and ‘Top Telecommunications Brand’ in the Brand Finance league table and also won the ‘Industrial IoT Initiative of the Year’ award at the Global Telecoms Awards 2019. Dialog is an ISO 9001 certified company and has received numerous local and international awards, including the National Quality Award, the Sri Lanka Business Excellence Award and endorses the worldwide Sustainable Development Goals (SDGs) which aim to build a sustainable future for all by 2030.
Dialog has been at the forefront of innovation and digitisation in the mobile industry in Sri Lanka since the late 90’s, propelling the nation’s mobile telephony infrastructure to a level of advancement on par with the developed world. The company delivers advanced mobile telephony and high speed mobile broadband services to a subscriber base of ~ 15 Million Sri Lankans, via 2.5G and 3G/3.5G and 4G/4.5G networks, and in December 2018, Dialog showcased the first 5G pilot transmission in South Asia.