e&’s digital transformation arm has announced that it has completed the $60 million acquisition of GlassHouse, a Türkiye-based provider of managed cloud, business continuity, and SAP Infrastructure services.
The acquisition, which was initially announced in June this year, focuses on strengthening e& enterprise’s capabilities in private cloud and managed services. It will bolster its overall value proposition with the addition of SAP capabilities and vertical expertise within the banking and financial services sector—supported by GlassHouse’s deep understanding and specialist skills in this space.
Salvador Anglada, Chief Executive Officer, e& enterprise, said: “We are thrilled to welcome GlassHouse into the e& enterprise ecosystem as we continue to bolster our value proposition by reinforcing our capabilities, adding vertical expertise, and expanding into high-growth markets. This acquisition is another bold step in our journey to becoming a regional leader in end-to-end digital transformation.”
It also marks a significant milestone in e& enterprise’s international growth strategy, following successful market entries into Saudi Arabia in 2019, Egypt in 2023, and now Türkiye, Qatar and South Africa. This acquisition also expands the e& group’s operational footprint to 34 markets.
Now part of the e& enterprise family, GlassHouse is well-positioned for growth. Its strategic focus is on augmenting e& enterprise’s SAP capabilities in the UAE and Saudi Arabia. As the new wholly-owned subsidiary of e& enterprise, GlassHouse will retain its brand identity and continue to operate independently.
Alp Bağrıaçık, CEO of GlassHouse, said, “I am both proud and delighted to announce the successful integration of our company into the e- and enterprise ecosystem. 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.”
Founded in 2004, GlassHouse has established itself as a prominent cloud service player. It 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 boasts a robust presence in the financial services sector, serving nine of the top 10 banks in Türkiye.
With over 150 professionals operating across offices in Türkiye, South Africa, and Qatar, GlassHouse is a trusted partner for industry giants such as Microsoft, Dell, and SAP.
