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.
Trans-Tasman consolidation as Vibe buys RackCentral
Posted on 14-Jun-2015 11:08 by Bill Bennett. | Tags Filed under: News.


New Zealand’s telecommunications industry consolidation continues as Vibe Communications acquiresRackCentral, a troubled Australian cloud service provider.

The move gives Vibe control of the RackCentral and CloudiO brands along with the company’s more than 1500 customers.

Vibe says it has been looking for an Australian acquisition for some time.

Telecommunications is an eat-or-be-eaten world. Companies on both sides of the Tasman have been busy snapping up smaller players.

The economics of falling overall industry revenues, intense competition have lead to downward price pressures.

Those with access to capital can strengthen their position by broadening their portfolios and deepening their customer pools.

In the last year 2degrees acquired Snap,Vodafone bought WorldXchangeand in another trans-Tasman deal Vocus took-over FX Networks.

RackCentral ran into trouble last year filing for liquidation when faced with disputed debt claims from Vocus and the Summit Group.

The two companies have little overlap. Vibe’smain business is in IP transit, International Layer 2 Access and VoIP. It also has a wholesale business. RackCentral sells colocation, virtual private servers (VPS), self-managed cloud hosting and physical server hosting.

RudiHefer, CEO of Vibe Communications, says RackCentral is a logical extension to his business.

He says the Australian company has a similarphilosophy around instantaneous provisioning and service self-management. The deal will “…allow customers to create end-to-end network services, including connectivity and infrastructure on-demand, in real-time and on terms that suit them. This is something that no provider in ANZ is doing.


Filed under: Telecommunications Tagged: business



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

Gareth Morgan is a genius
Created by Satch, last reply by JayADee on 11-Dec-2016 09:01 (177 replies)
Pages... 10 11 12


NZ Prime Minister John Key Resigns
Created by ajobbins, last reply by Fred99 on 11-Dec-2016 07:35 (222 replies)
Pages... 13 14 15


The President Of The USA - Who do you think?
Created by TimA, last reply by DarthKermit on 10-Dec-2016 20:29 (913 replies)
Pages... 59 60 61


Spark wireless broadband and home /lan access: CGNAT limitations
Created by yokkem, last reply by BarTender on 8-Dec-2016 15:57 (19 replies)
Pages... 2


Spark not planning to deploy native IPv6 at all. Ever.
Created by Erayd, last reply by sbiddle on 7-Dec-2016 20:57 (19 replies)
Pages... 2


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by DarthKermit on 9-Dec-2016 16:16 (471 replies)
Pages... 30 31 32


Wilson's Car Park - When Free is not free
Created by nzkiwiman, last reply by cr250bromo on 9-Dec-2016 09:30 (51 replies)
Pages... 2 3 4


JB Hifi Cost & GST Sale - 7th Dec
Created by Finch, last reply by Kopkiwi on 7-Dec-2016 15:11 (16 replies)
Pages... 2