VSIS to widen Dialog offering in Sri Lanka
View(s):Dialog Axiata PLC, in a bid to widen its enterprise service offering in Sri Lanka and across the Axiata footprint in Asia, recently entered into an agreement to acquire the Systems Integration (SI) business of privately owned V S (Vidya Shilpa) Information Systems (Pvt) Ltd which has been named VSIS Enterprise Solutions (VES).
“The acquisition of VES by Dialog is aimed at widening our Enterprise service offering in Sri Lanka and across the Axiata footprint in Asia. 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,” Supun Weerasinghe, CEO Dialog told the Business Times.
The acquisition will be done through Dialog Broadband Network. VES generates an annual turnover of Rs. 2.7 billion. The transaction is expected to be completed by April 2020.
Mr. Weerasinghe also said that Dialog Axiata Digital Innovation Fund will continue to invest in start-ups. This fund, which had Roar, insurance broker, InsureMe and integrated healthcare platform MyDoctor.lk as its first phase of investments, will invest in start-ups that have strong business models, have proven product market fit, demonstrated some ability to expand in Sri Lanka and have the potential to become market shaping digital businesses in the country and beyond.