TasmaNet managing director Joel Harris said the new funding will enable the company to add resources, develop automation, improve accessibility and underwrite the “rapid growth” of its premium cloud service.
The funding deal was brokered by Investment Bank Greenard Willing, and builds on TasmaNet’s current investments in Tasmanian infrastructure. “This is an outstanding result - the largest ICT investment Tasmania has seen. It is clear sign that telecommunications and cloud services companies are in demand, and not limited to Melbourne and Sydney,” said Ken Fleming, a partner at Greenard Willing.
According to Harris, the Hobart-based TasmaNet is strong in the belief that as more companies purchase business technology services, the ‘as-a-service’ locations of providers are becoming less of a barrier.
“The expanding investment we are making into our cloud program will ensure that business services can be delivered securely and quickly. To guarantee that our services are accessible to customers, TasmaNet is virtualising its Telco network. Working with HP, TasmaNet is building a purpose-built telecommunications network designed to support businesses purchasing cloud services.”
Harris said TasmaNet’s shareholders and board are working towards TasmaNet becoming an iconic Tasmanian business, investing locally, employing locally and delivering services to all regardless of location.
The company currently provides solutions to small and large enterprises, including the Tasmanian State Government, and has a full complement of infrastructure and providing a wide range of services, including ubiquitous cloud solution, managed private network services and data centre colocation services.