Anittel to spend big on Cisco gear after $3m funding line

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Anittel to spend big on Cisco gear after $3m funding line
Anittel MD Peter Kazacos

Two-time CRN Fast 50 winner Anittel has secured $3 million in financing from the Commonwealth Bank of Australia.

The finance facility will be used to purchase Cisco IP telephony as part of the company's $17 million deal to provide the Tasmanian government with managed voice services.

Managing director Peter Kazacos said the core components of the project are completed and that Tasmanian staff have been added and trained to accelerate deployment.

 "The major infrastructure has already been deployed [in Tasmania]. Now we're focusing on end points. We're actually rolling out with scale now," Kazacos said.

Anittel has already deployed its voice services to 2,000 devices across a "variety of government agencies" and the company anticipates the number to double by December. In total more than 15,000 services are expected.

Annitel beat out Telstra in securing the deal in August of 2012.

Kazacos told CRN it was encouraging to see a bank get behind a technology business. "A lot of banks don't finance technology, they finance buildings."

Anittel declared revenues of $50.9 million and incurred a net loss of $7.4 million for the last financial year.

Kazacos said he expects the Tasmanian telephony project to generate increased revenue in the next year or two

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