Infoplex, part of the Nextgen Group, is a Managed Private Cloud company that utilises third party data centres in Sydney and Melbourne and manages and hosts blue chip customers’ private cloud requirements for core enterprise applications.
Bulletproof says it will fund the deal with funds raised from a placement of $3.8 million of its shares at 25c each with a number of institutional investors, including existing shareholders. The Company says it also proposes to undertake a subsequent Share Purchase Plan at the same price offered to those placement investors (25c), to ensure all shareholders have the opportunity to participate in the transaction.
Bulletproof CEO, Anthony Woodward, said: “As Bulletproof engages clients in their journey to cloud, we increasingly identify applications that customers wish to move to private cloud for a variety of reasons. This acquisition gives us additional, market leading, private cloud capacity and capability. That not only expands our own offering, but also presents a clear opportunity to the company to acquire more of these customers.
Woodward said the acquisition will give Bulletproof broader depth and additional skills to deliver more world class private cloud services to enterprise and government customers. “This acquisition also positions Bulletproof as the largest, and most trusted Managed Cloud Services provider in the region. We are excited to count Infoplex as part of the wider Bulletproof family.”
Woodward also said Bulletproof will offer the advanced private cloud capability enabled by the acquisition to its existing customer base of over 650 clients, and will also have the opportunity to cross sell its market-leading end to end public cloud services including consulting, implementation and ongoing managed services to the Infoplex enterprise and government customer base.