BT Global Services open to more acquisitions, exec says

BT Global Services is still open to the possibility of making acquisitions in order to expand its portfolio, François Barrault, CEO of BT's IT services division, said.

A Total Telecom report further quoted Barrault saying Global Services will continue to make acquisitions 'on a selective basis.'

But the executive declined to name any specific targets, the report said.

By selective, he explained that he isn't necessarily interested in companies going cheap, but companies that can add to what Global Services can offer.

'We are not in a rush, we need to make sure what we do benefits our customers,' he said.

Global Services has not been shy of snapping up companies that it believes will strengthen its offering.

In June the company acquired Stemmer and SND, which together comprise the enterprise IT services segment of Frankfurt-listed net AG; the companies had combined assets of €9.7 million.

Then in late July, Global Services bought US-based voice application platform developer Ribbit, for €70.2 million (US$105 million) in cash.

Barrault's comments came as BT appointed Royston Hoggarth, currently managing director of corporate financial advisory firm Strategic Capital Associates, as U.K. CEO of Global Services.