Geekzone: technology news, blogs, forums
Guest
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:

Global mode over ? Lets see.....
Created by xpd, last reply by davidrg on 2-Apr-2015 19:13 (47 replies)
Pages... 2 3 4


Semble SIM: compatible handsets
Created by DrDee, last reply by NikT on 2-Apr-2015 16:12 (81 replies)
Pages... 4 5 6


Jeremy Clarkson reported as being sacked from top gear
Created by KiwiNZ, last reply by hashbrown on 1-Apr-2015 23:54 (197 replies)
Pages... 12 13 14


April Fools!
Created by BlueShift, last reply by Mark on 2-Apr-2015 09:46 (46 replies)
Pages... 2 3 4


Surface 3: anyone interested
Created by freitasm, last reply by Dolts on 2-Apr-2015 17:12 (43 replies)
Pages... 2 3


Spark blocking MediaFire downloads
Created by BarryQuest, last reply by l43a2 on 31-Mar-2015 21:15 (36 replies)
Pages... 2 3


2015 Subaru Outback
Created by Geektastic, last reply by Talkiet on 2-Apr-2015 17:35 (17 replies)
Pages... 2


Tattoos — Are they safe? Do they hurt?
Created by TLD, last reply by TLD on 1-Apr-2015 12:15 (51 replies)
Pages... 2 3 4