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CB Sells out of subsidiary Enterprise IT, and gains new Project Management division

Enterprise ITAuckland, April 7, 2008

Local IT services company and Oracle specialist Enterprise IT has bolstered its board and taken new investment to capture a bigger share of the fast growing service oriented architecture (SOA) market.

CEO Stuart Speers and new Enterprise IT board members Duane Mcleod (Chairman), Peter Marks, Ian Taylor and Paul Steffensen have bought the shares of cornerstone shareholder, computing infrastructure and services provider Lexel.

Founded three years ago as a joint initiative between Speers and Lexel, Enterprise IT has grown from a niche provider of Oracle DBA services to a staff of more than 20 operating as New Zealand’s dominant provider of Oracle RAC (Real Application Clusters), middleware and Linux/Unix services.

Lexel general manager Noel Simpson said his company’s divestment reflected Lexel’s growing delivery of IT infrastructure provision. “The formation and growth of Enterprise IT has been a significant pillar in our development, but both companies have grown to the size and definition that independent ownership is best for both businesses,” Simpson said. “We’ll keep working together, but as independent partners.”

Under terms of the deal, Lexel has acquired Enterprise IT’s project management division – a team of six, which will form a new services division headed by Paul Alexander. Simpson said the need for a dedicated in-house project management team had become acute as the company expanded into infrastructure solutions provision. “It’s been the missing piece in our overall offering. So now you’ll see us competing for work that historically was beyond our capability. We’ve moved up a division.”

Speers said his company’s exclusive focus on services had a bearing on the board appointments. “We provide only services, so management and staff policies are strongly oriented to attracting and retaining extremely high calibre talent.”
He said while SOA adoption is more advanced in other countries, particularly Asia, it continues to gain traction here, with more companies either currently implementing SOA or planning to do so.

Chairman Mcleod has a background in Oracle Development and is the principal of Oracle Data Warehouse and BI provider Data-Arc. Peter Marks has been appointed chief operating officer and is a former director of Consulting and Support for Oracle New Zealand. Paul Steffensen is heading up business development, joining Enterprise IT from Oracle DBA provider Uptime. Former OSS Account Manager Ian Taylor has been appointed sales director.

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