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FTS Group acquires Defence specialist Mentum Systems from NZ's Optimation Group arnnet.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arnnet.com.au Daily Mail and Mail on Sunday newspapers.
FTS Group has brought another company under its umbrella, acquiring a majority stake in Canberra-based Noetic Group, a management consultancy that specialises in government. This will allow FTS to gain access to Noetic’s personnel and IP and broaden its IT services market share into defence, federal government and resources industries. Noetic has been in business for nearly 20 years and has a presence in Sydney and Brisbane as well as its Canberra HQ. In 2019 the company was part of a $95.5 million ERP deal with the Department of Defence, lead by IBM. The majority stake acquisition takes effect from today as Noetic joins the other services businesses within FTS Group, including ANATAS, Cubic Consulting, FTS Data & AI, Galaxy 42, KoBold, Safety Evolved, and Veritec. ....