Add-on Acquisition • Information Technology

BT Group Acquires Skynet Information System

On May 4, 2005, BT Group acquired information technology company Skynet Information System

Acquisition Context
  • This is BT Group’s 1st transaction in the Information Technology sector.
  • This is BT Group’s 1st transaction in Sri Lanka.

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M&A Deal Summary

Date May 4, 2005
Target Skynet Information System
Sector Information Technology
Buyer(s) BT Group
Deal Type Add-on Acquisition

Target Company

Skynet Information System

Sri Lanka
Skynet Information Systems (Private) Limited has established itself as one of the leading software development companies in the country with over 100 customers worldwide
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Buyer Overview 1

Buyer

BT Group

London, United Kingdom

Category Company
Founded 1980
Sector Communications
Employees85,300
Revenue 20.4B GBP (2025)
DESCRIPTION

BT Group is a provider of telecommunications networks and services. BT Group was founded in 1980 and is based in London, England.


Deal Context for Buyer #
Overall 5 of 21
Sector: Information Technology 1 of 6
Type: Add-on Acquisition 4 of 18
Country: Sri Lanka 1 of 1
Year: 2005 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-29 Radianz Americas

New York, New York, United States

Radianz is the leading provider of secure, reliable, and scalable connectivity to the global financial community. The Company's shared market infrastructure is a neutral platform that provides turnkey access to a broad array of pre-trade, trade, and post-trade applications from leading content and service providers across the straight-through processing (STP) chain.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-25 BT Counterpane

Santa Clara, California, United States

BT Counterpane a company that sells managed computer network security services, develops and implements managed security solutions for business continuity.

Buy -