Thursday, 17 March 2022 12:11

Aussie Broadband acquires Brisbane-based Over the Wire Featured

By
Aussie Broadband co-founder and managing director Phillip Britt Aussie Broadband co-founder and managing director Phillip Britt

Australian ISP Aussie Broadband has formally acquired Brisbane telecommunications and IT solutions provider Over the Wire for $344 million.

The strategic purchase is Aussie’s first acquisition of another company.

Aussie Broadband co-founder and managing director Phillip Britt said this is a major milestone for the company.

“Today marks a new era for Aussie Broadband. Through this acquisition, we’re going to be transforming our organisation into the very best of Aussie Broadband and Over the Wire. We’ve been working towards this moment for some time now, and we’re absolutely delighted to officially welcome Over the Wire to the Aussie family.”

The integration will see the Aussie Broadband team expand to over 1,000 staff.

As part of the acquisition, Over the Wire brings approximately 16,000 business, enterprise, government and wholesale customers to Aussie’s existing customer base. The company also has over 700,000 active numbers on its voice network.

“We’re going to be carefully working through this integration over the coming months. In the meantime, we’ll continue to provide our excellent support to both Aussie Broadband and Over the Wire customers,” said Britt.

Founded in 2005, Over the Wire is a technology company and integrated platform provider, focused on bespoke solutions for business and enterprise customers.

The company’s stated purpose is to simplify technology to empower business, and make things as easy as possible for the customer.

Over the Wire managing director and group CEO Michael Omero said he is looking forward to seeing what the two companies can accomplish together.

“Today is the beginning of a new chapter in our journey, and we’re thrilled to join a company that shares our values and commitment to customer service.

"This is a unity based on opportunities. Together, we will expand Aussie’s presence in Australia and create something quite unique in the market, by combining Over the Wire’s voice, cloud and security services with Aussie Broadband’s fibre assets and high-quality network.

"We’re looking forward to working together to change the telco game for customers across Australia,” Omero said.

Phillip Britt said the integration will provide many benefits for both businesses.

“Over the Wire is a really great fit for us and we believe they will complement our current business/enterprise offerings really well. They’re also one of a handful of Tier 1 voice providers in Australia,” said Britt.

“We see the voice element being a key strategic piece. The need for high-quality voice capabilities is something that has been rapidly growing, particularly in the wholesale space. We plan to turn our Carbon business platform into a full service offering for all business and enterprise communication and IT needs, so we see the voice element coming into the platform in a big way.”

“Another key strategic piece is Over the Wire’s cloud and security business. We are finding more demand coming through for cloud and security services, with business looking for solutions on how to protect their data,” Britt said.

“One of the key benefits with Over the Wire’s cloud offering is that they own all the infrastructure, either in their own data centre in Brisbane or in third party data centres nationally. Primarily, the cloud offering is targeted towards large government and large businesses, and this integration is a good opportunity to further expand into these areas,” Britt continued.

The joint venture is expected to bring annual cost synergies of between $8 million and $11 million within three years, the company expects.

“Ultimately, this acquisition gives us the chance to expand our product and skill capability, and further accelerate our growth in the enterprise/wholesale markets in Australia. We believe that together we will be stronger, and we can bring something extraordinary to the telco industry,” said Britt.

As part of the deal Michael Omeros will join Aussie Broadband’s board of directors.

Michael has more than 25 years’ experience in the IT, telecommunications and data industries. In 2015, he led Over the Wire to a successful launch on the ASX. Since then, Michael has overseen a significant expansion of the company through a combination of organic growth and acquisitions.

In a statement, Aussie Broadband’s Board acknowledged the outstanding contribution made by retiring Board member, Chief Technology Officer John Reisinger.

“While John will continue as Chief Technology Officer of the enlarged group, we think it’s incredibly important to acknowledge the outstanding contribution he has made over the past 18 years, from the original formation of Aussie Broadband’s predecessor company through the significant growth in recent years to today’s milestone,” said Board chair Adrian Fitzpatrick.

“John has overseen the development of our award-winning software and network infrastructure, which has been the foundation for our rapid expansion. He has one of the most creative technical minds in the industry, and we look forward to his ongoing contribution and leadership to the enlarged group,” said Britt.

Read 1391 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

SONICWALL 2022 CYBER THREAT REPORT

The past year has seen a meteoric rise in ransomware incidents worldwide.

Over the past 12 months, SonicWall Capture Labs threat researchers have diligently tracked the meteoric rise in cyberattacks, as well as trends and activity across all threat vectors, including:

Ransomware
Cryptojacking
Encrypted threats
IoT malware
Zero-day attacks and more

These exclusive findings are now available via the 2022 SonicWall Cyber Threat Report, which ensures SMBs, government agencies, enterprises and other organizations have the actionable threat intelligence needed to combat the rising tide of cybercrime.

Click the button below to get the report.

GET REPORT!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Chris Coughlan

A versatile technology executive with extensive experience in most disciplines and technologies in the Information and Communications Technologies sector. Roles have encompassed general management, product management, business development, sales management, industry marketing, operations management, research and development, business case development, market research and forecasting, regulatory, strategy management, solution development, major project construction, process design and management, technology and management consulting, and engineering.

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

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments