Vocus buys E3 data centres for $5.9m

By Ry Crozier on Oct 25, 2010 2:32 PM
Filed under Communications

Independent space added to portfolio.

Vocus Communications has snapped up E3 Networks' Sydney and Melbourne data centres for $5.9 million.

The deal covers two existing data centres and another 400 square meters of space due to come online in Sydney "in the next 45 days", the company said in a statement.

E3's five staff - including founder and chief Jon Eaves - will be integrated into Vocus as its data centre division.

Vocus chief James Spenceley [pictured] said the integration of the businesses would likely be completed in the next "30 to 45 days".

Spenceley said that the acquisition had been on the cards since at least July.

Vocus - whose core business is providing wholesale IP transit services - said today it would buy the data centre businesses for $4.9 million in cash and $1 million in Vocus shares.

It was the company's first acquisition since listing on the Australian Stock Exchange.

It would give Vocus access to "independent data centre space in Sydney and Melbourne where space has becoming increasingly scarce", the company said in a statement.

Eaves would "assume responsibility for the management and expansion of the data centre business unit", according to Vocus.

The acquisition did not include a web hosting business also owned by E3 called Dedicated Servers, which would remain a separate entity.

Follow us on Facebook and Twitter

Copyright © iTnews.com.au . All rights reserved.


Vocus buys E3 data centres for $5.9m
Top Stories
Australian IT superpower born as CSC-UXC deal approved
Joins Dimension Data in the billion-dollar club.
HP Inc struggles with plummeting PC, printer sales
Downgrades profit forecast while HPE holds firm.
Microsoft admits problem with Office 365 security module
'Incredulous' delay in fixing Advanced Threat Protection.
Sign up to receive CRN email bulletins
Who has best odds in public cloud (other than AWS, Azure, Google)?

Latest Comments
CRN Magazine

Issue: 343 | October 2015

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.