Itelligence AG, a German subsidiary of NTT Data Corp., announced July 12 it is acquiring a 60 percent stake in the Turkish SAP consulting company Elsys, which is based in Istanbul.
The investment is part of Itelligence’s systematic growth strategy focusing on further international expansion and its growing service portfolio.
“Itelligence’s investment in Turkey means the company is breaking new economic and cultural ground in the bridge between Europe, Asia and Africa," said Norbert Rotter, CFO of Itelligence AG.
Elsys is the leading SAP (Systems, Applications and Products in Data Processing) consulting company in Turkey. Elsys offers a full life-cycle of SAP solutions with license sales, consulting, maintenance and application management services. Elsys was founded in 2000 and has about 180 employees. In 2011, it generated sales of about 11.5 million euros (1.11 billion yen, or $14 million).
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