Telecom NZ completes acquisition of Appserve

Thursday 3 July 2014 | 22:48 CET | News
Telecom New Zealand has completed the acquisition of cloud-based services provider Appserve. Both firms had signed a conditional agreement for the acquisition on 18 June. The acquisition is in line with Telecom's growth strategy, which focuses on investments in data, mobility and cloud services. The acquisition, which was valued at NZD 17 million, will further expands Telecom's portfolio of cloud services. Last year, Telecom acquired data centre provider Revera. Telecom New Zealand CEO, Simon Moutter said that both Revera and AppServ will be complementary to each other with the former serving

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Categories: IT
Companies: Spark New Zealand
Countries: New Zealand
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