Kordia buys Orcon

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Fraktul

836 posts

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#74214 10-Jun-2007 20:59

Heh, sorry mate but im with Juha on this one.

IMO is pretty obvious that Seeby has been positioning Orcon for a sale for some time.

From Juhas blog linked above: "plus installed a single soft-switch"

A second hand softswitch that the previous owner couldnt get to work reliably, goodie ;)

willnz

573 posts

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#74226 10-Jun-2007 22:08

Actually, I'm pretty sure the switch is part of Siemens' previously announced "$30m investment" (and please note this is purely speculation, although I'm an employee of the company I know of no operational, financial, or other similar decisions made by the company).

I know it's brand new anyway, straight from Siemens. Looks like I may well be a slave of TehHelen come tomorrow lunch time!

EDIT : Plus, Kordia already tried to buy Orcon back in 2005/2006 I think?

wmoore

510 posts

Ultimate Geek

#74277 11-Jun-2007 13:24

Go to Kordia's website, what do you see at the bottom ?

"In the end, it's not the years in your life that count. It's the life in your years." -
-- Abraham lincoln

willnz

573 posts

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#74279 11-Jun-2007 13:26

I see purple. $24.3m worth of purple. See http://www.kordia.co.nz/node/1126 for more details :)

juha

1317 posts

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#74282 11-Jun-2007 13:27

FOR IMMEDIATE RELEASE:- Kordia™ Group Limited announces that, effective 2 July 2007, it will be acquiring Orcon Internet Limited.

This acquisition reflects Kordia™’s strategy of growth—shifting from being an infrastructure owner and provider to a more solutions-orientated company—and is an exciting development for both Kordia and Orcon.

“We’ve been considering acquisitions in this field for some time,” says Geoff Hunt, CEO of Kordia™. “We’ve been operating in the telecommunications space for some years. However, we wanted to more closely connect to consumers. This acquisition creates that opportunity and is a logical extension of what we do today.

The telecommunications sector is critical to the New Zealand economy, particularly with our distance from overseas markets. We see the acquisition as a key part of what Kordia™ can do to be part of the transformation of the New Zealand economy. “Convergence between broadcasting and telecommunications has also been happening in the industry for some time. This is Kordia™’s opportunity to leverage its strengths and capabilities and serve the market with an enhanced range of products and service. “Customers of Orcon will certainly notice a greater range of products and services. In particular, we’ll be expanding on our Extend broadband wireless service offering.”

Purchased for $NZ 24.3 million, Orcon will continue to operate as an independent entity. Reporting in at a group level, it will remain completely separate from Kordia™’s network business in New Zealand. Seeby Woodhouse, founder of Orcon, will be transitioning to a consulting role with the business over the next month, and will stay on as a director of Orcon. Scott Bartlett, currently General Manager, will be appointed as CEO. Mark Mackay will remain in the business in his current role as chief technology officer.

There will be no staff redundancies as a result of this change of ownership. “Basically, very little will change in the day-to-day management of Orcon,” says Seeby Woodhouse. “Kordia™ understands Orcon’s business and is dedicated to pursuing its continued growth. It’s an excellent parent company, has a strong vision for Orcon and is a significant player in the New Zealand and Australian telecommunications scene. Just as importantly, Kordia™’s purchase of Orcon ensures that this company remains Kiwi owned and operated.” Geoff Hunt agrees: “Not only will Kordia™ bring capability and opportunities to the table; it will also gives Orcon access to its broad industry knowledge across the group. Together, Kordia™ and Orcon are well placed to take advantage of future growth opportunities.” ENDS

Juha

skykissme

219 posts

Master Geek

#74284 11-Jun-2007 13:35

The real question is... can they really remain separate entity for long?

We'll never be too old to learn, and we learn at least one new thing every day.

ZiglioNZ

194 posts

Master Geek

#74289 11-Jun-2007 13:50

Does it mean some day my static IP address will point to Avalon instead of Auckland??

I'm quite sad actually, I believed in that bunch of guys

Sharesies

Trade NZ and US shares and funds with Sharesies (affiliate link).

juha

1317 posts

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#74290 11-Jun-2007 14:05

Avalon?

Juha

willnz

573 posts

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#74291 11-Jun-2007 14:07

juha: Avalon?

Isn't that a mystical creature?

juha

1317 posts

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#74293 11-Jun-2007 14:11

$ ping avalon
ping: cannot resolve avalon: Unknown host

Juha

ZiglioNZ

194 posts

Master Geek

#74295 11-Jun-2007 14:14

Avalon Lower Hutt?
http://smaps.co.nz/nz/lower+hutt/avalon/

BCL used to be there

cyril7

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Subscriber

#74305 11-Jun-2007 16:09

BCL used to be there

BCL/Kordia still are there, TCC (Transmission Control Centre) monitors and controls all the broadcast transmission facilities from the top few floors behind where the microwave dishes are mounted. They also operate the Maritime monitoring service from there. The Freeview/Kordia uplink is also operated from Avalon, the dish sits in the carpark.

I am pretty sure iserve is housed at Avalon aswell, could be wrong.

Cyril