Logicalis strengthens presence in key Australian geography and broadens service offerings with acquisition of Corpnet
Slough, UK, 1 May 2012 – Logicalis Group, the international IT solutions and managed services provider, has agreed to acquire Corpnet, a Brisbane-based solution provider, from e-Business Systems Ltd. Corpnet provides data centre, cloud and managed services solutions to the Queensland mid-sized and enterprise markets. The acquisition consideration is comprised of $2.7m on completion with an additional potential earn-out payment of $0.6m.
This acquisition enables Logicalis to become a significant player in the Queensland market, primarily in the Finance, Mining and Construction and Travel sectors, and builds upon Logicalis’ existing datacentre and managed services expertise. Corpnet has strong storage and virtualisation expertise and has built its cloud-based services to deliver Infrastructure-as-a-Service (IaaS), as well as Managed Backup and DR-as-a-Service offerings that complement Logicalis’ managed services portfolio.
Corpnet was founded in 2001 and later merged with e-Business Systems Ltdin 2008. Since its founding, the company has grown to achieve annualised revenues of approximately $20 million and become one of the leading datacentre services and managed services providers in Queensland. Corpnet holds the highest level of certification with EMC and is EMC’s largest storage reseller in Queensland. The company’s datacentre vendor accreditations also include Cisco, Hitachi, VMware and Commvault.
Ian Cook, Chief Executive of Logicalis Group, comments: “This acquisition further enhances our ability to serve the Australian market and complements and augments our managed services business, adding important skilled resources and new cloud-based services, enabling us to deliver a stronger end-to-end managed services portfolio to new and existing clients.
About Corpnet Corpnet is a Brisbane-based data centre integrator and managed services provider, which delivers business and technology solutions to mid-market and enterprise clients throughout Australia. Corpnet is owned by e-Business Systems Ltd, a technology investment company listed on the NSX with a clear focus on e-business. A leading data centre service provider in Queensland, Corpnet's services range from strategic planning to implementation to support, including managed and cloud services that virtualise the computing environment and mitigate IT risk. Corpnet works with a number of leading Australian firms of all sizes, from start-ups to multinationals in the public and private sectors and almost every industry.
For more information, visit us at www.corpnet.com.au
About Logicalis Logicalis is an international IT solutions and managed services provider with a breadth of knowledge and expertise in communications and collaboration; data centre and cloud services; and managed services.
Logicalis employs over 2,500 people worldwide, including highly trained service specialists who design, specify, deploy and manage complex ICT infrastructures to meet the needs of over 6,000 corporate and public sector customers. To achieve this, Logicalis maintains strong partnerships with technology leaders such as Cisco, HP, IBM and Microsoft.
The Logicalis Group has annualised revenues of over $1 billion, from operations in the UK, US, Germany, South America and Asia Pacific, and is fast establishing itself as one of the leading IT and Communications solution integrators, specialising in the areas of advanced technologies and services.
The Logicalis Group is a division of Datatec Limited, listed on the Johannesburg and London AIM Stock Exchanges, with revenues of approximately $5 billion..