Amcom snaps up aCure

22/08/2013 - 14:42


Upgrade your subscription to use this feature.
Amcom snaps up aCure

Amcom Telecommunications has snapped up data centre operator aCure Technology for $14.3 million as demand for new information technology services grows.

Privately owned aCure has been steadily investing in data centres across Perth and now has three at near-full capacity.

Construction of its latest data centre, located in the Perth CBD, was completed late last year.

Amcom chief executive Clive Stein said the company was driven to look for additional data centre capacity on the back of “ever expanding demand for Cloud and Hosted services.”

“As an established business, aCure’s data centres enable us to quickly expand our capacity, rather than pursue a 'greenfield' build strategy that is slower to market,” Mr Stein said.

Following the acquisition, Amcom will have seven data centres in Perth with all connected to its fibre network.

aCure was also successful in becoming the first provider to offer free wireless broadband access across the Perth CBD.

Amcom has increased its existing bank facilities to pay for the acquisition, and said the benefits are expected to flow through into positive earnings contributions in the 2015 financial year.

The company reported a positive end of year financial result earlier this month with a 23 per cent rise in net profit for the year ending June 2013.

Mr Stein will speak alongside Sirius Resources’ Mark Bennet and Cedar Woods Properties’ Paul Sadleir at a Business News Success and Leadership breakfast next month.

In related news, ASG Group today announced its still in negotiations with a potential buyer of its data centre, while Fujitsu is planning to construct two data centres in the Pilbara.



Subscription Options