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Australia's 5G Networks Buys Two Inabox Brands
5G Networks has acquired the direct business of Inabox Group. The AU$5.7 million deal turns over Inabox’s Anittel and Hostworks subsidiaries to 5G Networks. And that, 5G Networks says, will allow it to expedite its service rollout across Australia.
The acquisition provides 5G Networks with a broader geographical footprint. Following the deal, it will have offices in Adelaide, Brisbane, Hobart, Perth, Melbourne, Sydney, and regional NSW and Townsville.
“We pursued this acquisition because it was exactly what we needed to rapidly expand our core business streams and represents great synergy with our existing business,” says Joe Demase, managing director of 5G Networks. “We have expanded our geographical coverage in our key competencies – cloud, data, and managed services. The acquisition of IAB’s direct business is accurately aligned with our acquisition strategy, and 5GN is extremely excited by the positive future that lies ahead.”
The deal also will increase 5G Networks’ annual revenue to more than AU$55 million. And it will expand its employee count to more than 200 people.
5G Networks caters to the business community in Australia with its cloud infrastructure services and what it describes as a super high-speed network, which it supports using fiber access technology from third-party carriers and its wireless network assets.
Inabox is a Sydney-based operation that offers cloud, IT, and telco services in Australia. Its brands had included Anittel and Hostworks (which 5GN now owns) and Telcoinabox.
The Inabox website describes Anittel as a tier-one solution provider of telco, IT, and cloud space to the accounting and finance, education, government, health and medical, and professional services verticals. It is certified to install, maintain, and optimize solutions from such leading suppliers as Cisco, Dell, EMC, HP, Lenovo (News - Alert), and Microsoft. Meanwhile, Hostworks is a cloud specialist that partners with all the big public cloud providers and can also help with private and hybrid managed cloud services. Its client roster includes Holden, McDonald’s, Ticketek, and others.
Telcoinabox, the one brand that Inabox held onto, is a non-carrier wholesale supplier in Australia. It offers cloud, IT, and telecommunications services and works with more than 440 retail service providers of various stripes.
Edited by Maurice Nagle