Telecom’s Gen-i slims down with Davanti sale to management

Thu, 16 May 2013

May 16 (BusinessDesk) - Telecom’s Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit. Davanti Principal Consultants’ Justin Hamilton, Matt Farrar and Robert Carter have signed a conditional agreement for Gen-i’s Davanti unit for an undisclosed sum, and is expected to settle on May 31, Telecom said in a statement. Gen-i faces margin pressures and is switching its focus to big data and cloud-based services. Telecom has already announced 120 jobs were going from its G...

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