Brennan expands to Adelaide through Nuago acquisition

Home-grown technology services and consulting firm Brennan has made its fourth transaction in less than three years, picking up fast-growing Adelaide-based managed services provider Nuago.

The deal, made for an undisclosed sum, expands Brennan’s national footprint to South Australia, adding a team of around four dozen professionals versed in cloud technologies, system integrations, and managed IT solutions.

Nuago was established in Adelaide in 2016 by a crew of ex-Datacom managers and engineers and quickly grew its revenues toward the $20 million-mark by 2020, earning the company CRN Fast50 status in just its second year.

Co-founder and managing director Brendon O’Rourke said: “Nuago’s prominence in the SA market complements Brennan’s national reach, and the upshot of this acquisition creates advantages and opportunities across the board, with customers set to benefit from an even wider array of solutions and capabilities designed to support their organisation and solve business challenges.”

For Brennan’s part, it’s the consultancy’s fourth acquisition in the past three years, headlined by the $23 million purchase of MOQdigital and further including Forsythes Technology and Clade Solutions. The 2022 MOQ deal, in reportedly outbidding Atturra, was said to have made Brennan the largest home-grown ‘systems integrator’ in the county at the time, but Attura has since made its own series of acquisitions.

Brennan itself was established in Sydney by current managing director Dave Stevens back in 1997, and has since added offices across Australia in addition to outlets in India and Sri Lanka in its own march towards revenues in excess of $250 million and a headcount pushing beyond 1,000 professionals. The company has also flagged further acquisitions in the near future.

Of its latest purchase, Stevens stated: “This strategic and fully-aligned acquisition cements our position as a cohesive national IT partner. Our expanded national footprint opens an exciting chapter and fresh opportunities. And for the wider market, our ongoing investment in Australian-owned and operated technology specialists underscores our intent and ambition to grow further.”