CloudCentral expands Australian cloud partner network

CloudCentral has signed a raft of new partnerships as part of its wholesale partner program in preparation of listing on the Australian Securities Exchange (ASX).

The cloud computing solutions provider has signed Infinite Networks, OOKI, Simple ID, and Standard Computers.

CloudCentral founder and CEO Kristoffer Sheather said the partner program will enable its new partners access to an enterprise-grade cloud platform, giving them the opportunity to extend their activity in the cloud space.

"The response from the market has re-confirmed that wholesale Australian-based cloud provision is what is in demand. We are working with our partners to meet the demands of considerable business opportunities within the cloud marketplace," he said.

Sheather continued: "This is the year we are experiencing rapid expansion from the early adopter stage to customers now moving specific workloads to the cloud and leveraging the cloud model for backup and disaster recovery."

CloudCentral will be listing on the ASX via a reverse takeover of troubled vineyard Dromana Estate, which is due to be completed by June this year.

Under the terms of the acquisition, Dromana will acquire all issued capital of CloudCentral in exchange for 275 million shares to CloudCentral shareholders, and an AU$225,000 loan to CloudCentral. Dromana has issued 150 million shares, which are currently trading for a cent on the ASX, and intends to issue a further 80 million shares at half a cent each to raise the AU$400,000 needed to cover the costs of the transaction, and provide working capital to CloudCentral.