Tuesday, 07 March 2017 16:54

Inabox buys Logic Communications in a $1.5 million deal Featured

By

Wholesale telecommunications and cloud services provider Inabox is to acquire Perth-based based managed IT and cloud services provider Logic Communications for $1.5 million.

Inabox (ASX:IAB) says the deal will double the number of the group’s engineers based in Western Australia and extend Inabox’s cloud capabilities on the western seaboard.

The acquisition follows last month’s announcement by Inabox of the acquisition of cloud hosting company Hostworks for $7 million.

The deal with Logic sees Inabox paying $1.5 million in cash comprising a $1 million upfront payment and $0.5 million deferred for six months to FY 2018.

free
hit counter
Inabox says the purchase will be funded from existing cash reserves, with Logic expected to add more than $1 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in FY18 after synergies.

Damian Kay, chief executive of Inabox, says “This is another acquisition that we expect to be strongly accretive in FY18, bringing with it more than an additional $1 million of EBITDA to the Inabox Group results.”

“We’re pleased to have acquired another great company, Logic Communications, with its product offering that complements Inabox’s and a strong client base which builds on our current footprint in Western Australia.

In a statement to the ASX, Inabox says it already operates a strong Perth presence, with particular focus on key vertical markets including education and health.

Kay said the acquisition expands Inabox’s footprint in Western Australia, and demonstrates Inabox’s commitment to its Perth presence and its intention to grow its national offices to leverage its national capabilities.

“The acquisition also adds 14 engineers to bolster Inabox’s resources in the State,” Kay said, adding that it expands Inabox’s presence in the Western Australia market, bringing across a Logic portfolio of 50-plus SME clients.


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - retired in 2020. 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).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments