Logicalis shuts down Brisbane office

By on
Logicalis shuts down Brisbane office

Logicalis Australia has quietly exited its Queensland operations, closing its Brisbane office in April.

A spokesperson told CRN that the move was to "focus on growth in Sydney and Melbourne, which aligns with Thomas Duryea's geographic footprint".

Logicalis did not confirm if there were any employee redundancies, or who would manage its Queensland customers.

The IT solution provider acquired Melbourne-headquartered Thomas Duryea in December 2015.

According to Logicalis financial results for 2016, the company paid $13.2 million upfront for Thomas Duryea, and will pay an extra $4 million over the next two years.

Together, the two businesses are expected to create a $120 million company.

Logicalis raked in $52.2 million in revenue for the year ended 29 February 2016, down from $53.2 million in 2015. The company's net loss for the year was $3.7 million.

Logicalis is owned by Datatec, a global IT provider listed on the Johannesburg and London Stock Exchanges. Datatec also owns the Westcon Group.

Thomas Duryea generated a revenue of $65.3 million in the 2015 financial year with a net loss of $7,000. In the previous year, the company total revenue was $68.5 million with a $238,000 profit.

Both Logicalis Australia and Thomas Duryea were named as CRN MVPs for 2016 for their top tier partnerships with big industry names including Cisco, Dell and EMC.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © CRN Australia. All rights reserved.
Tags:

Most Read Articles

Log In

Email:
Password:
  |  Forgot your password?