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.
Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4
BDFL - Memuneh
60608 posts

Uber Geek
+1 received by user: 11542

Administrator
Trusted
Geekzone
Lifetime subscriber

Talk DIrtY to me
4285 posts

Uber Geek
+1 received by user: 2298

Trusted
Subscriber

  Reply # 788204 27-Mar-2013 19:56
Send private message

Bloody Vodafone have recently purchased TelstraClear who I've been with for years, who in turn purchased Paradise.net

I'll have to see how VF treats the customers it has brought over from TC. Good customer service and all that jaz.




Whatifthespacekeyhadneverbeeninvented?


1856 posts

Uber Geek
+1 received by user: 355

Subscriber

  Reply # 788257 27-Mar-2013 21:25
2 people support this post
Send private message

Makes a joke of spending time choosing an ISP.

This buying and selling lark is a bit like your mother hitching up with a new bloke - wonder if he will be kind to us kids or will we get beaten up?

BDFL - Memuneh
60608 posts

Uber Geek
+1 received by user: 11542

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 799621 15-Apr-2013 13:18
Send private message

Just received:


Kordia has sold Orcon, its residential and business ISP. The buyer is a group of New Zealand business people, headed by Warren Hurst, Managing Director of Vivid Networks.

Kordia Group Chairman David Clarke says the Kordia Board is pleased to announce the sale.

“Under Kordia, Orcon’s annual turnover has increased by almost 400%,” he says. “But structural changes in the market place mean there are likely to be better opportunities for Orcon with a different owner.

“Orcon played an important role in Kordia’s transformation from a broadcast to broadband business,” says Clarke.

Late last year, Kordia integrated Orcon into the Kordia Networks business, creating Kordia New Zealand. Kordia New Zealand CEO Scott Bartlett says it was this move that sparked interest from a number of buyers.

Bartlett says he believes the sale will lead to a more sharply focused Kordia, with a sole aim to be the country’s leading business network provider.

“Kordia is fundamentally a ‘B2B’ business, so being able to reset our strategy to better focus on delivering exceptional service to our business customers is really where we need to be,” he says.

"It is business as usual for Orcon - the new owners are committed to providing excellent service and delivering the innovation and expertise Orcon is renowned for."

Bartlett expects that new ownership will help boost Orcon’s growth and development.

“Management from both parties is committed to making sure the sale transition period is as smooth and straightforward as possible. The new owner will need existing staff and capacity to ensure the business continues to run smoothly and make a profit.” he says.

Warren Hurst says Orcon is a well-respected, technically innovative and profitable ISP with excellent growth prospects.

“The business is in good shape. It has a sound technology platform and quality staff. We will soon be announcing the appointment of a new CEO. At that time we will discuss our growth strategy going forward. In the meantime, it will be very much business as usual for Orcon customers,” Warren Hurst said.

The deal closed last Friday. Kordia bought Orcon in July 2007 for $24m.




3594 posts

Uber Geek
+1 received by user: 79

Trusted
WorldxChange

  Reply # 799626 15-Apr-2013 13:27
2 people support this post
Send private message

maverick: .... If only i had a Vivid marker ???

I like this game Wink


Heard it here first Tongue Out




Yes I am a employee of WxC (My Profile) ... but I do have my own opinions as well Wink

             

https://www.facebook.com/wxccommunications

977 posts

Ultimate Geek
+1 received by user: 149

UberGroup

  Reply # 799628 15-Apr-2013 13:30
Send private message

So question is who's behind Vivid, they are a tiny health ISP so no way they had access to the cash needed to buy someone like Orcon




Most problems are the result of previous solutions...

All comment's I make are my own personal opinion and do not in any way, shape or form reflect the views of current or former employers unless specifically stated 

BDFL - Memuneh
60608 posts

Uber Geek
+1 received by user: 11542

Administrator
Trusted
Geekzone
Lifetime subscriber

  Reply # 799629 15-Apr-2013 13:31
Send private message

As the release says "The buyer is a group of New Zealand business people, headed by Warren Hurst, Managing Director of Vivid Networks."




17119 posts

Uber Geek
+1 received by user: 4856

Trusted
Lifetime subscriber

  Reply # 799630 15-Apr-2013 13:32
Send private message

Was no price formally disclosed?

6434 posts

Uber Geek
+1 received by user: 1571


  Reply # 799634 15-Apr-2013 13:37
Send private message

networkn: Was no price formally disclosed?


I imagine it will be disclosed at least when Kordia give their results at year end. I think that becomes public knowledge then.

718 posts

Ultimate Geek
+1 received by user: 174

Trusted
Full Flavour

  Reply # 799709 15-Apr-2013 16:19
Send private message

I wonder if it went for more than 24mil. Looking forward to seeing the figures later on.

As an SOE, is Kordia subject to the Official Information...?

It does feel right that a SOE no longer runs a major ISP.

6434 posts

Uber Geek
+1 received by user: 1571


  Reply # 799724 15-Apr-2013 16:33
Send private message

myfullflavour: I wonder if it went for more than 24mil. Looking forward to seeing the figures later on.

As an SOE, is Kordia subject to the Official Information...?

It does feel right that a SOE no longer runs a major ISP.


If it;s fair value back then ws $24m, one would think (hope!) it is worth more now.

however, the broadband market was very profitable back then and as a Kordia guy put it recently it is now "a race to the bottom".



2436 posts

Uber Geek
+1 received by user: 286

Trusted

  Reply # 799756 15-Apr-2013 17:32
Send private message

freitasm: Interesting article on Computerworld, Why I bought Orcon.


Isn't it Class 5 Soft Switches? Not "Cat 5..."? (in the article)




3343 posts

Uber Geek
+1 received by user: 1089

Trusted
Vocus

  Reply # 799757 15-Apr-2013 17:34
Send private message

sonyxperiageek: Isn't it Class 5 Soft Switches? Not "Cat 5..."? (in the article)


Technically, yes.  Personally I'm excited about the sale, some interesting times ahead...

13988 posts

Uber Geek
+1 received by user: 1763


  Reply # 799767 15-Apr-2013 17:47
Send private message

NonprayingMantis:
myfullflavour: I wonder if it went for more than 24mil. Looking forward to seeing the figures later on.

As an SOE, is Kordia subject to the Official Information...?

It does feel right that a SOE no longer runs a major ISP.


If it;s fair value back then ws $24m, one would think (hope!) it is worth more now.

however, the broadband market was very profitable back then and as a Kordia guy put it recently it is now "a race to the bottom".




They also purchased some other companies since then, which should have increased the value. They purchased iserve, not sure how much that cost them?

Really hope they improve their web hosting support. (currently waiting for a reply and can sometimes takes days ) Ringing is faster but shouldn't be, as that would cost them a cell phone call each time I call them, while email is free.

1 | 2 | 3 | 4
Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Cove sells NZ's first insurance policy via chatbot
Posted 25-Jun-2018 10:04


N4L helping TAKA Trust bridge the digital divide for Lower Hutt students
Posted 18-Jun-2018 13:08


Winners Announced for 2018 CIO Awards
Posted 18-Jun-2018 13:03


Logitech Rally sets new standard for USB-connected video conference cameras
Posted 18-Jun-2018 09:27


Russell Stanners steps down as Vodafone NZ CEO
Posted 12-Jun-2018 09:13


Intergen recognised as 2018 Microsoft Country Partner of the Year for New Zealand
Posted 12-Jun-2018 08:00


Finalists Announced For Microsoft NZ Partner Awards
Posted 6-Jun-2018 15:12


Vocus Group and Vodafone announce joint venture to accelerate fibre innovation
Posted 5-Jun-2018 10:52


Kogan.com to launch Kogan Mobile in New Zealand
Posted 4-Jun-2018 14:34


Enable doubles fibre broadband speeds for its most popular wholesale service in Christchurch
Posted 2-Jun-2018 20:07


All or Nothing: New Zealand All Blacks arrives on Amazon Prime Video
Posted 2-Jun-2018 16:21


Innovation Grant, High Tech Awards and new USA office for Kiwi tech company SwipedOn
Posted 1-Jun-2018 20:54


Commerce Commission warns Apple for misleading consumers about their rights
Posted 30-May-2018 13:15


IBM leads Call for Code to use cloud, data, AI, blockchain for natural disaster relief
Posted 25-May-2018 14:12


New FUJIFILM X-T100 aims to do better job than smartphones
Posted 24-May-2018 20:17



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.