Sydney, 2 February 2021 – FTS Group, one of the largest privately owned IT services companies in Australia, has acquired a majority stake in leading Canberra-headquartered mid-tier advisory firm Noetic Group.
The acquisition will enable FTS Group to continue to build its market share in key strategic industries including Defence, Federal Government, Resources, and Asset Intensive businesses. Noetic also significantly strengthens FTS Group’s strategic consulting and advisory capability by bringing their team of expert consultants and documented IP to the mix, complementing the services that already exist in the Group.
Noetic is an Australian owned and operated management consulting firm that works across the Government, National Security, Defence, Emergency Management, and Resource sectors, with flagship clients including the Department of Defence and the Australian Federal Police. Their services span strategy and planning, implementation support and organisational capability building. Noetic employs over 50 consultants and associates all of whom will continue to operate under the Noetic banner as an integral part of the FTS Group.
Noetic’s proven experience in delivering excellence in consulting will enable FTS Group and its companies the ability to drive greater strategic business improvements for their clients. For Noetic, FTS Group brings reach into new industries, as well as a strong execution capability across a broad range of technology services allowing them to provide end-to-end services to their clients.
Stephen Kowal, Chief Executive Officer, FTS Group, said, “Noetic is a trusted player in the market and we’re excited to be able to leverage their specialist capability, deep skill, and knowledge across our current and future customer base. The team at Noetic are all passionate, experienced, and customer focused consultants who I am pleased to welcome into FTS Group.
This acquisition is an important step in our expansion strategy and aligns with our vision to build a world class end-to-end IT Services company. When acquiring companies, it is important for our strategy that we bring in players who leverage IP, provide complementary services and have reach into specific industries. Noetic ticks these boxes and others and is a great fit for the Group.”
From left to right: Andrew Balmaks (Noetic CEO), Stephen Kowal (FTS Group, CEO) and Peter Murphy (Noetic, Managing Director)
Noetic will now work closely with the other services businesses within FTS Group, including ANATAS, Cubic Consulting, FTS Data & AI, Galaxy 42, KoBold, Safety Evolved, and Veritec.
Commenting on the acquisition Andrew Balmaks, Chief Executive Officer, Noetic Group said, “We are excited to join FTS Group, as this acquisition will enable us to further accelerate our growth and offer our clients a richer breadth of services by leveraging the robust and varied capability within the Group.
We have an energetic and experienced team of consultants and a strong client base who trust us as a professional services partner. It was important for us to join a Group who we felt would enable us
to retain our unique value while also bolstering our capability. We are pleased to be a part of the FTS Group and are looking forward to working with them to provide valued advisory and consulting services to our clients.”
The majority stake acquisition takes effect from today. Andrew Balmaks and Peter Murphy will work closely with the CEOs of the other FTS Group companies to drive collaboration and service offerings across the company.
About FTS Group
FTS Group is one of the largest privately owned IT services companies in Australia. It is made up of several end-to-end services and technology businesses, including ANATAS, Cubic Consulting, FTS Data & AI, Galaxy 42, KoBold, Safety Evolved, and Veritec.
FTS Group and the companies within it have the expertise and IP to manage key business functions for Australian and New Zealand organisations. Headquartered in Sydney with over 400 people across Australia, FTS helps both the public and private sector adapt and grow by delivering business and technology outcomes. FTS offers clients scale, market reach, deep capability, strong management processes and the stability customers look for in a business partner that delivers results.
Noetic is an Australian owned and operated mid-tier consulting firm who have delivered signature solutions to Australian government departments and agencies, and the resources sector for 20 years. Headquartered in Canberra, with a presence in Sydney and Brisbane, Noetic’s better consulting approach is highly regarded both nationally and internationally.