Feeds

Amcom buys L7 for $AU15m

More cloud services in the mix

Next gen security for virtualised datacentres

Amcom Telecommunications has taken over Perth based IT integrator L7 Solutions for $AU15 million.

The acquisition will boost Amcom’s move into cloud-based product offerings and allow it to offer new services to existing customers.

“The L7 business has an extensive skills capability that will enable us to accelerate our recently launched cloud offering. There are significant cross selling opportunities into our existing 900 corporate and government customer base,” said CEO Clive Stein.

L7, which was launched in 2004, has 130 staff and around 200 clients across the enterprise and government sectors.

Meanwhile, Amcom told shareholders at its AGM yesterday that its exit from iiNet's share registry was a beneficial move, providing working capital to fund ongoing growth and clearing its debt.

In June the company sold a 23 percent stake in iiNet, and since the end of the financial year the balance of its iiNet holding was distributed to shareholders on a pro-rata basis for nil consideration, which delivered approximately $AU85 million to shareholders.

Amcom chairman Tony Grist said that since acquiring its original stake in iiNet in 2006, the investment had been worth around $AU50 million for Amcom shareholders. ®

5 things you didn’t know about cloud backup

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
Docker kicks KVM's butt in IBM tests
Big Blue finds containers are speedy, but may not have much room to improve
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Gartner's Special Report: Should you believe the hype?
Enough hot air to carry a balloon to the Moon
Flash could be CHEAPER than SAS DISK? Come off it, NetApp
Stats analysis reckons we'll hit that point in just three years
Dell The Man shrieks: 'We've got a Bitcoin order, we've got a Bitcoin order'
$50k of PowerEdge servers? That'll be 85 coins in digi-dosh
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.