Danny Wallis Net Worth 2021, Age, Height, Business, The Block Auction

Danny Wallis net worth

Danny Wallis is the Chief Executive Officer & Managing Director of DWS. He studied at Monash University and graduated with a Bachelor Degree in Applied Science. Danny founded DWS in 1992 and is the current CEO and Managing Director. Having begun his career in the I.T. industry over 20 years ago, Danny started out as a system programmer and internal consultant at ANZ Bank. From this early experience, Danny identified the market opportunity for a high quality, professional, client-focused, I.T. services organisation which became DWS.

NameDanny Wallis
Net Worth$120 million
Age52 years
Danny Wallis net worth

Danny Wallis is not a new face in the Block as he collected three houses from Sarah and George, Daniel and Jade, and Harry and Tash for $12 million dollars. The Block is an Australian Reality television series followed by 4 or 5 couples as they compete against each other in order to renovate and style houses or apartments to sell them at the auction for the highest price.

He is one of the successful businessmen who is the Non-Executive Chairman of the Board of DWS Limited. He established DWS in 1992 and has experience in the Information Technology industry. Here are 10 facts to know about Danny Wallis.

Who Is Danny Wallis The Block? Danny Wallis is the Melbourne rich lister and IT entrepreneur who bought three houses from Sarah and George, Daniel and Jade, and Harry and Tash.

The Melbourne rich lister and IT entrepreneur Danny Wallis’s controversial $12 Million buys have been all over the internet. He collected Sarah and George’s home for $4,000,0002 then Daniel and Jade’s home for $3.8million and finally Harry and Tash’s home for $4m which sums up to $12 million.

HCL Acquisition

HCL Technologies has acquired Australian-headquartered IT service provider DWS for A$162 million in cash as the Indian tech giant looks to stake a bigger claim on Australia and New Zealand.

The all-cash deal will see HCL pay A$1.23 per share for DWS, plus debt, notably higher than the 21 September trading price of .90C.

Following the acquisition, DWS will become a wholly-owned subsidiary of HCL, although no details were provided regarding the role of CEO Danny Wallis and the provider’s 745 consultants,

Wallis, who owns 42 per cent of the publicly listed company’s shares, encouraged remaining shareholders to vote in favour of the deal.

“The opportunity to realise certain value at a significant premium represents a great outcome for our shareholders, who have been supportive over the company’s long history of its strategy and direction,” he said.

Founded in 1991, DWS has offices in Melbourne, Sydney, Adelaide, Brisbane and Canberra, and provides services in IT consulting, digital transformation, cloud, business analytics and robotic process automation among others. It also established a subsidiary in New Zealand in late 2019.

Last financial year, DWS made two acquisitions, Projects Assured and Object Consulting, both of which caused its 2020 profits to fall by 27 per cent down to A$7.5 million.

However, its revenue from continuing operations was nearly A$168 million, up by almost A$4.5 million, year-on-year, or about 3 per cent. Underlying pre-tax earnings (EBITDA) was A$28.5 million, an increase of A$2 million, or about 8 per cent compared to the previous year.

DWS weathers profit decline after acquisition hit. Meanwhile, HCL recently deepened its relationship with Broadcom, which will see broaden its professional services offerings to include Symantec Enterprise Division (SED) consulting services.

It also expanded its existing cloud partnership with Google Cloud, a DWS partner, launching a new dedicated Google Cloud Business Unit.

“We are excited for this expansion of HCL Technologies in Australia and New Zealand and are confident that our combined strengths will further accelerate the digital transformation journeys of our clients and innovations for their customers,” HCL A/NZ country manager Michael Horton said.

“DWS has forged a sterling reputation, powered by highly talented consultants who enable organisations to be at the cutting edge of technology. We look forward to welcoming the DWS team to HCL and creating enhanced global learning and career opportunities for them.”