Edward Swift| Newstalkzb
Telecom will acquire privately-owned New Zealand IT infrastructure and data centre company Revera Limited. The $96.5 million conditional agreement is expected to be settled in May. Telecom says the acquisition will improve the two companies’ capabilities, expand their market reach and deepen the overall Telecom group offer.
Telecom chief executive Simon Moutter says Telecom is refining their business strategy to become a future-oriented, competitive provider of communication, entertainment and IT services delivered over its networks and the cloud.
“This acquisition adds a respected brand that deepens our IT services portfolio for business customers, particularly with regards to cloud services. “Both Gen-i and Revera will be better positioned to respond to evolving customer needs in the areas of big data and cloud computing.”
Revera will continue to run as a standalone business providing the customers of Gen-i, Telecom’s ICT services division, with immediate access to additional cloud capabilities and data centre capacity.
Founded in 2002, Revera has around 140 staff and owns and operates five interconnected data centres in Auckland, Hamilton Wellington, and Christchurch.