Deloitte China agrees to acquire key assets of top Cloud services provider Masterson Technology
Strategic initiative will expand digital technology solution capabilities and unleash innovative business solutions
Published Date: 6 July 2020
Deloitte China is pleased to announce an agreement to acquire key assets of one of the top Hong Kong-based hybrid cloud solution providers, Masterson Technology Limited, to achieve its vision of being an undisputed leader in the China cloud services market and expand its capabilities in providing innovative IT solutions services within the Greater Bay Area, has been reached.
"This acquisition will bring together Masterson's deep level of technical know-how and the wider market influence and comprehensive digital capabilities of our firm". Additionally, "Masterson has accumulated wide recognition from customers and vendors as a preferred cloud service partner. With its deep pool of technical experts, Deloitte expects this deal to provide an immediate talent boost, innovation in cloud business models, delivery methods and capabilities, and an increasing presence in cloud service markets in South China" says Deloitte China Cloud Service Leading Partner Michael Liu.
The key assets of Masterson, including its talent, customer contracts and vendor certificates, will be acquired by Deloitte China and the closing is subject to customary conditions. The integration of these assets will greatly enhance Deloitte's advisory, implementation and operational capabilities in cloud products and services. It will also strengthen Deloitte China's brand recognition within the broader ecosystem, signaling the firm's ambition as a leader in the digital area.
"Masterson has been a Multi-Cloud system integrator since 2012, helping enterprise to reduce their technical debt with various Cloud deployment and management service model based on specific business needs. Through the adoption of DevOps and application modernization best practice, Masterson is able to redefine their business core value, transforming product and service offering fully aligned with the pace of the market demand as the key driving force for differentiation," adds Masterson Technology Limited CEO Calvin Lam. "As one of the world’s largest consulting firms, Deloitte China’s ability to help clients excel in this highly competitive market by facilitating innovation, transformation, and leadership through strategic consulting and advisory is highly recognized. With the integration of Masterson’s Cloud expertise and experience, Deloitte China's Consulting function is uniquely positioned as a market leader providing a full suite of services and solutions for client’s digital transformations."
Making an acquisition that matters…
New whitepaper suggests product differentiation, reach to county markets, digitalization and innovative collaboration models are key to market success