in brief Vocus today announced today that it has entered into an agreement to purchase a New Zealand based datacentre operator and cloud provider for NZ$9.5 million.
Maxnet owns a datacentre just outside Auckland and provides infrastructure as a service products to customers and owns a datacentre just outside the Auckland CBD.
"The Maxnet acquisition complements Vocus' strong IP Transit operations in New Zealand," Vocus CEO James Spenceley said. "It not only provides Vocus with one of New Zealand's leading Data Centres, but also one of the most established providers of Cloud Services;, marking Vocus' next step into the high- growth Cloud market."
The purchase price includes a deferred sum, based on performance. Maxnet expects to generate around NZ$2 million in earnings, before interest, tax, depreciation and amortisation, in the 2013 financial year.