Wednesday, 24 July 2019 13:01

Spirit buys Phoenix Austec in $1.6 million deal

By

Australian-listed internet service provider Spirit Telecom has acquired managed services provider Phoenix Austec, in a $1.6 million deal.

The announcement comes less than a month after Spirit’s acquisition of Arinda IT and the acquisition of Phoenix Austec is the company’s fourth acquisition in as many months.

Spirit (ASX:ST1) says it will continue to expand and strengthen its entry into the managed IT service provider sector, “while at the same time becoming a one-stop-shop for SMBs across Australia’s East Coast for all their IT, internet and communications needs”.

And Spirit says the acquisition of Phoenix Austec will enhance its existing product and service offering to its current SME customer base by providing a range of IT services, that can be powered by its super-fast, Sky-Speed Internet plans.

“Phoenix will add to the recently acquired Arinda IT managed services product range, which now represents circa 20% of Spirit’s overall revenue,” Spirit noted.

Established in 2007, Melbourne-based Phoenix provides small businesses with an outsourced managed IT solution including IT security, software as a service (SAAS) and IT consulting services, and Spirit says the company has been particularly successful in the real estate sector “but also boasts a broad range of SME customers”.

Spirit managing director Geoff Neate said, “We approached Phoenix a few months ago and were impressed by its strong competency in providing managed IT and SAAS solutions to a customer base that is typical of Spirit’s target market.

“We now have a strong growing MSP IT product and customer portfolio and our team are already focused on integrating Phoenix and Arinda into a Spirit IT division.”

“We have been growing Phoenix since 2007 and have been approached by other potential acquirers,” said Phoenix managing director, Amelia Buchanan

“Once we understood the direction Spirit is headed and the growth opportunity that this delivers the Phoenix team, we became eager to be part of the journey.

“We were particularly impressed with the integration methodology that Spirit has created for MSP’s inside its operations. We have met a lot of the Spirit team and we are already working on realising the potential that the newly formed Spirit IT will deliver.”

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has high potential to be exposed to risk.

It only takes one awry email to expose an accounts payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 steps to improve your Business Cyber Security’ you will learn some simple steps you should be taking to prevent devastating malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you will learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

ADVERTISE ON ITWIRE NEWS SITE & NEWSLETTER

iTWire can help you promote your company, services, and products.

Get more LEADS & MORE SALES

Advertise on the iTWire News Site / Website

Advertise in the iTWire UPDATE / Newsletter

Promote your message via iTWire Sponsored Content/News

Guest Opinion for Home Page exposure

Contact Andrew on 0412 390 000 or email [email protected]

OR CLICK HERE!

Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year 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).

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments