Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

Punakaiki Fund investing in local provider Vibe Communications
Posted on 20-Jun-2014 13:55. | Tags Filed under: News.

Wholesale and corporate telecommunication services provider Vibe Communications has received a growth capital investment from Punakaiki Fund.
The investment will allow Vibe Communications to continue their rapid growth in serving businesses in New Zealand and Australia.

Punakaiki Fund’s Director, Lance Wiggs, will join owners Davey Good and Barry Murphy on the Vibe Communications board.

CTO and Sales Director Davey Goode said, “We first met Lance and Chris when they were with Pacific Fibre. They are amongst the few business people who really understand our business. We are moving fast and it’s great to have their experience and investment to ensure we continue to keep a solid balance sheet and financial discipline as we grow.”

Vibe Communications grew over 70% in the last year, after 100% growth the year before.

Wiggs believes they have many years of high growth ahead of them. “Vibe have a great market niche delivering tailored solutions to corporates and other ISPs.

They are over-delivering with the quality of their product” said Wiggs. “Davey, Barry and lead architect Callum Barr are all technically very strong, with Vibe employing more engineers than support staff to retain the quality of their products and service.”

Vibe’s network has additional points of presence in both Australia and the USA. They purchase capacity off Southern Cross Cable Networks making them one of five major NZ transit providers.

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Ad Blocker Detector
Created by BlueShift, last reply by bazzer on 6-Oct-2015 12:40 (33 replies)
Pages... 2 3

Red Peak to be added as a 5th option on the referendum
Created by Bee, last reply by MikeB4 on 2-Oct-2015 15:08 (186 replies)
Pages... 11 12 13

Bigpipe / Chorus insanity
Created by chrispchikin, last reply by chrispchikin on 3-Oct-2015 21:24 (71 replies)
Pages... 3 4 5

Subwoofer issue - will new cable help?
Created by andrew027, last reply by eracode on 5-Oct-2015 14:07 (13 replies)

iPhone 6S/Plus (or 7 or whatever...) NZ launch... who's going to buy one???
Created by JEDENZED, last reply by sp77150 on 5-Oct-2015 12:21 (591 replies)
Pages... 38 39 40

Amazon toolbar BS
Created by Rikkitic, last reply by andrew027 on 6-Oct-2015 12:07 (25 replies)
Pages... 2

[FS] High End Computer for sale
Created by LennonNZ, last reply by gehenna on 6-Oct-2015 12:06 (24 replies)
Pages... 2

Help me choose a BBQ
Created by ScuL, last reply by Little on 6-Oct-2015 10:11 (25 replies)
Pages... 2