Friday, 09 December 2016 11:42

Over the Wire to acquire Telarus in $7.6 million deal

Over the Wire's Michael Omeros Over the Wire's Michael Omeros

Brisbane-based telecommunications provider Over the Wire is acquiring telecoms solutions provider Telarus to accelerate its expansion into the Victorian market.

The ASX listed company has announced it has signed a binding agreement to acquire all of the shares in Telarus, with the deal — valued at $7.615 million — expected to be completed in mid-January.

Established in 2002, Telarus delivers business grade telecommunications solutions to Australian and New Zealand SME and enterprise customers.

Over the Wire (ASX:OTW) managing director Michael Omeros said the acquisition of Telarus expedites the company’s geographic expansion plans into Victoria “as well as introducing some complimentary new offerings in managed security and mobile data, which will be of great benefit to our existing customers”.

“We are very excited to welcome Telarus to the Over the Wire group. Telarus is a high quality provider of managed networks, managed security and private cloud led by a well-respected industry veteran, Dennis Muscat.”

Omeros said Telarus provides a respected, high quality platform for growth, with a high quality customer base offering cross-sell and interstate expansion opportunities.

He said Telarus introduces new products in the areas of managed security and mobile data that will be well received by the existing Over the Wire client base.

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. 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).

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