Cloud provider CloudCentral has announced it will list on the ASX, less than four years after the company was established.
CloudCentral on Friday announced a reverse takeover with winemaking company Dromana Estate Limited. The new company expects requotation of shares to occur by 14 June this year.
The money raised will be used to continue an "aggressive" growth plan, with CloudCentral planning to add to its sales and marketing teams.
“Primarily we are investing in our sales and marketing capabilities with the addition of a number of wholesale business development managers, establishing sales offices in Sydney, Canberra and Melbourne," said CloudCentral founder Kristoffer Sheather.
Founded in late 2010, CloudCentral has spent more than $500,000 on infrastructure since September last year. The company announced plans last year to move into five more data centres in Sydney, Melbourne, Perth and Brisbane and to establish offices in each state it has a data centre.
Customers include ASI Solutions, mPhasiS, Mirus Australia and the Australian Government Department of Finance.
CloudCentral founder Kristoffer Sheather pointed to a 36 percent annual growth rate for the worldwide cloud computing sector. The funding could also be used for strategic acquisitions, he said.
Sheather engineered CloundCentral's "Cloud in a Box". Prior to founding the company, he founded Dotnet Consulting as well as working as a software developer and frameworks architect in the Department of Employment and Workplace Relations.