e& enterprise, the digital transformation arm of e&, today announced the successful completion of its $60 million acquisition of GlassHouse, a leading Türkiye-based provider of managed cloud, business continuity and SAP infrastructure services.
“This acquisition is another bold step in our journey to becoming a regional leader in end-to-end digital transformation,” stated Salvador Anglada, CEO of e& enterprise
e& Group marks presence in 34 markets
e& enterprise announced its plan to acquire GlassHouse in June this year in a bid to further expand its international growth. This acquisition marks e& Group’s expansion of its operational footprint to 34 markets.
e&’s digital transformation arm now enters the Türkiye market following successful market entries into Saudi Arabia in 2019, Egypt in 2023, Qatar, and South Africa.
The acquisition of GlassHouse strengthens e& enterprise’s capabilities in private cloud and managed services, bolstering its overall value proposition with the addition of SAP capabilities and vertical expertise within the banking and financial services sector.
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GlassHouse to operate independently
Now part of the e& enterprise family, GlassHouse has positioned itself for further growth with a strategic focus on augmenting e& enterprise’s SAP capabilities in both the UAE and Saudi Arabia. As the new subsidiary of e& enterprise, the company will retain its brand identity and continue to operate independently.
“By harnessing e& enterprise’s robust portfolio, we will provide our customers with cutting-edge security solutions and innovative strategies to accelerate their digital transformation journey,” stated Alp Bağrıaçık, CEO of GlassHouse.
Founded in 2004, GlassHouse has established itself as a prominent player in the cloud services sector. The company offers managed cloud, business continuity, on-premise backup, private sovereign cloud, and SAP Infrastructure services to over 2,000 enterprises in select geographies. The company also has a robust presence in the financial services sector, serving nine of the top 10 banks in Türkiye.
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