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Wednesday, March 22, 2023

Brennan IT becomes Australia’s largest complete systems integrator

Latest acquisitions bring new competitive skills in business transformation, data, analytics and IT consulting

Locally owned technology provider Brennan has strengthened its core services offering to aggressively take on global providers and become the largest Australian owned systems integrator, following its successful acquisition of listed technology company MOQ Limited. (ASX:MOQ).

The acquisition, finalized in court yesterday, makes Brennan the largest privately owned local player in the market and positions it to increase its market share by not only matching, but outperforming, bids from large international IT companies with the adding data analytics, digital transformation, and consulting capabilities.

Founder and CEO Dave Stevens said Brennan was pursuing both an aggressive organic growth strategy and a focused acquisition strategy, and exploring a number of capital-raising options, including the possibility of listing on the ASX in the next 12 years. to 18 months.

“Brennan’s clear differentiator is that we are local, we have great people across the country and we are able to tailor local solutions to overcome problems unique to Australia,” said Mr. Stevens.

“We are working with the Queensland Government to enable the Rural Water Futures (RWF) programme; helping the RWF team design and develop an improved rural water management system that will help Queenslander have confidence that its water resources are managed fairly and responsibly.”

“The acquisition of MOQ and the recent acquisition of Clade Solutions means we can provide even better services to our clients, with highly trained local experts in data analytics, business transformation and consulting.”

Following completion of the MOQ acquisition, the company will be on track for revenue of $275 million in the next 12 months and will serve more than 1,400 clients in the government, corporate and enterprise sectors, including Aurizon, HammondCare and BG&E.

As part of its end-to-end system integrator offering, Brennan will form a new division, Brennan Digital, which will include new capabilities from the MOQ and Clade acquisitions to help clients advance their digital transformation journey.

Mr Stevens said he now expected Brennan to continue to deliver double-digit growth in the coming year, based on the Australian business community’s growing appetite for data analytics and digital transformation, as well as increased reliance on outsourced IT. to help companies meet digital strategies during the IT Skills Shortage.

“Spending on IT services in Australia is expected to reach around $39 billion by the end of this year, around six per cent more than a year earlier, as a result of companies shifting their focus from short-term projects. time to adapt to the changes imposed on them. by COVID, to longer-term strategic projects,” Stevens said.

“The biggest driver of that growth is in business and technology consulting, which is set to grow to almost $8.5bn in Australia by the end of the year.

“Our expanded capabilities allow us to deliver day-to-day operational IT services and transformational IT solutions that are simple and easy to use.

“All of this is backed by the strong customer-focused service that Brennan has been recognized for, and which is reflected in our industry-leading NPS scores, in addition to our proven back-end structures.”

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