29th March 2011. Vocus Communications Ltd (VOC) has announced that it has entered into a binding agreement to acquire the Perth data centre operator PerthIX.
Vocus has paid an upfront consideration of $6.275m in cash with an additional performance earn out of up to $725,000 should the business exceed FY12 forecasts. The takeover of PerthIX sees Vocus expand its datacentre offerings into the Perth market after its acquisition of E3 for $5.9 million netted it the company’s Sydney and Melbourne datacentres.
PerthIX, widely regard as Perth’s premier CBD co-location facility has a strong brand in the Perth market and provides Vocus with a data centre in one of Australia’s fastest growing markets.
The recently upgraded facility of 536 sqm boasts 86 co-location customers with a significant number of those customers being carriers and ISPs as Perth iX is one of the longest established data centres in Perth.
James Spenceley, Vocus CEO, explained that the acquisition was a strategic move to consolidate the Vocus Data Centre business and establish a national footprint, adding to the companyʼs data centres in Melbourne and Sydney.
“This transaction will further consolidate Vocusʼ position as one of the leading independent wholesale telecommunications and data centre operators in Australia and New Zealand,” said Mr Spenceley.
Over the next few months there will be a release of 30 racks made available, which Mr Spenceley expect to go quickly.
PerthIX’s General Manager, Adam Gardner, will continue to lead the Perth team who will be integrated into the Vocus technical and operational teams. This transaction will further consolidate Vocus’ position as one of the leading independent wholesale telecommunications and data centre operators in Australia and New Zealand.
Vocus (VOC) Vocus Communications is an ASX listed leading telecommunications provider of wholesale data centre, voice, peering and international Internet connectivity to telecommunications companies and ISPs across Australia, NZ and the US. The company provides high performance, high availability, and highly scalable communications solutions, which allow service providers to quickly and easily deploy new services for their own customer base.