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: Articles


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:

Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by Rikkitic on 27-May-2017 12:55 (161 replies)
Pages... 9 10 11


NZ Herald - Internet providers have backdoor access to customers' modems
Created by RunningMan, last reply by Oblivian on 27-May-2017 23:02 (28 replies)
Pages... 2


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by frankv on 25-May-2017 16:29 (136 replies)
Pages... 8 9 10


Tailgaters?
Created by Linuxluver, last reply by reg52nz on 25-May-2017 16:29 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by freitasm on 27-May-2017 19:32 (4367 replies)
Pages... 290 291 292


Tax Cuts
Created by tdgeek, last reply by mattwnz on 27-May-2017 18:47 (62 replies)
Pages... 3 4 5


Tipping? Please no!
Created by BlueShift, last reply by cddt on 27-May-2017 10:10 (104 replies)
Pages... 5 6 7


Variable speeds on Fibre Max
Created by kapitikarl, last reply by nutsterrt on 27-May-2017 15:20 (45 replies)
Pages... 2 3