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Wednesday, 25 May 2022 10:57

Superloop to acquire Acurus

By
Superloop managing director and CEO Paul Tyler Superloop managing director and CEO Paul Tyler

Telco Superloop has signed a $15 million conditional sale and purchase agreement with Melbourne-based white label and technology consultancy firm Acurus.

The deal – which includes the Acurus Anex white label platform and the company's managed services provider business – fits into Superloop's strategy of building scale and providing integrated telco services.

Acurus' customer roster includes well-known businesses such as EnergyAustralia, OfficeWorks, Bakers Delight and Roy Morgan.

The acquisition will see Acurus' white label platform Superloop’s high-speed network and NBN connectivity. That, Superloop expects, will widen the appeal of these services.

"We're excited by this acquisition as it expands Superloop’s addressable market beyond traditional telcos and into the growing domain of non-traditional retailers. With this newly acquired white label telco capability, brands from any industry who are looking to broaden their core offering with turnkey telco services will have a great option to consider," said Superloop managing director and CEO Paul Tyler.

"Customers will have access to the well-regarded expertise of the Acurus team for integrated white label services combined with Superloop's high-speed infrastructure-on-demand platform and network assets.

"It's the next step in our strategy of growing our portfolio and customer base across all three of our customer segments, to monetise the core Superloop infrastructure."

"Our purpose remains to enable better internet through competition. The challenger segment in the telco industry continues to grow towards the 30% market share vision we outlined to investors in November 2021. We intend to continue to be a major catalyst of that growth.

"The acquisition also continues our focus of delivering superior returns to shareholders. The recent sales of our Hong Kong network and parts of our Singapore network have released capital that we will continue to deploy in organic growth and acquisitions, like Acurus, that add new capability to the overall Superloop offer."

Superloop will pay $15 million for Acurus, $12 million in cash and $3 million in shares. The deal is subject to customary conditions and completion adjustments.

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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