Inabox acquires cloud hosting firm Hostworks for $7 million
Inabox acquired managed cloud hosting firm Hostworks from parent company BAI Communications for $7 million.
However Inabox revealed In November that poor performance from Hostworks made a significant negative impact on its overall financial performance. Inabox initially expected Hostworks to contribute $21.8 million in revenue and $3.5 million in earnings in the 2018 financial year, but is likely to contribute just $15 million in revenue and provide negligible earnings.
In March, Inabox also acquired Perth-based managed IT and cloud services provider Logic Communications for $1.5 million.
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