The New South Wales government has sold off the Australian Centre for Advanced Computing and Communication (ac3).
Australian technology company Klikon Solutions acquired the former state-owned entity, following a successful tender process.
"A robust process was undertaken by the NSW government with the assistance of the independent financial, legal, and probity advisors to select the preferred bidder at a price which was in excess of the retention value," Minister for Finance and Services Andrew Constance said in a statement.
The centre has been providing IT infrastructure, cloud, and collaboration services to customers, including government agencies.
Klikon itself has a focus on secure server and storage, networking, backup, and disaster recovery, as well as being a systems integrator.
"We believe that by merging our two organisations, we will be able to offer a truly comprehensive range of managed and professional services, and, most importantly, expertise for both government and commercial organisations," Klikon managing director Simon Xistouris said in a statement.
Both businesses will operate independently of each other for three months, and there is no expected interruption to customer service levels. Klikon has stated that it will continue to honour all ac3 contracts that are currently in place.
The value of the acquisition has not been disclosed.