Thursday, 23 July 2015 18:49

TasmaNet raises $5.3 million to fund cloud market expansion Featured

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I I Image courtesy of Dan, freedigitalphotos.net/images

Tasmanian full service telecommunications carrier TasmaNet has raised $5.3 million from new and existing shareholders to fund further expansion into the cloud services market.

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 new funding will enable TasmaNet to add resources, develop automation, improve accessibility and underwrite the rapid growth of our premium cloud service.

“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.


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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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