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.
Australian Vocus acquires New Zealand ISP and data centre company Maxnet
Posted on 22-May-2012 14:20 | Tags Filed under: News



Australian-listed VOCUS Communications Limited has entered into a binding agreement to acquire New Zealand-based Data Centre operator and Cloud provider Maxnet Limited.

Maxnet owns and operates one of Auckland’s best known and premier Data Centres located just outside the Auckland CBD in Albany. In addition to the Data Centre operations, Maxnet is also one of the leading New Zealand providers of Cloud based services, offering a host of Infrastructure as a Service based (IaaS) products.

James Spenceley, CEO of Vocus said “The Maxnet acquisition complements Vocus’ strong IP Transit operations in New Zealand. It not only provides Vocus with one of New Zealand’s leading Data Centres but also one of the most established providers of Cloud Services, marking Vocus’ next step into the high growth Cloud market.”

Douglas Kemsley, Maxnet’s outgoing Chairman said “This is very good news for Maxnet’s clients and the broader New Zealand marketplace. Our wide range of quality Data Centre and cloud services will be further strengthened by this acquisition. Vocus is the ideal company to take Maxnet to the next level.”

The Maxnet operation is expected to generate approximately NZ$2.0 million in Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) in FY13. The total consideration for the acquisition is NZ$9.5 million, which includes a deferred consideration based on performance.

The acquisition will be funded with bank debt and further consolidates Vocus’ position as one of the leading Telecommunications and Data Centre operators in Australia and New Zealand.






comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Tipping? Please no!
Created by BlueShift, last reply by MikeAqua on 24-May-2017 16:22 (93 replies)
Pages... 5 6 7


Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by frankv on 25-May-2017 12:33 (109 replies)
Pages... 6 7 8


Variable speeds on Fibre Max
Created by kapitikarl, last reply by pandazzz on 24-May-2017 22:47 (32 replies)
Pages... 2 3


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by Kyanar on 25-May-2017 12:41 (134 replies)
Pages... 7 8 9


The President Of The USA: Donald Trump
Created by TimA, last reply by kingdragonfly on 23-May-2017 07:44 (4357 replies)
Pages... 289 290 291


Tailgaters?
Created by Linuxluver, last reply by surfisup1000 on 25-May-2017 09:52 (100 replies)
Pages... 5 6 7


New Surface Pro Tablets
Created by Krishant007, last reply by timmmay on 24-May-2017 19:20 (15 replies)

Automate "Dumb" Heatpump
Created by Paul1977, last reply by richms on 24-May-2017 11:26 (46 replies)
Pages... 2 3 4