Bulletproof snaps up private cloud provider Infoplex

Listed cloud provider Bulletproof has acquired managed private cloud company Infoplex from Nextgen Group for $3.55 million in cash.

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Operating from Metronode data centres in Sydney and Melbourne, Infoplex has annual revenues of approximately $6 million and earnings before income tax of $1.4 million, Bulletproof said.

The company sells fully managed, on-demand, per-capacity and per-infrastructure private cloud services to customers such as Bluescope Steel, Crownbet, Movember and financial institutions. Bulletproof specialises in public cloud offerings.

Bulletproof chief executive Anthony Woodward said his company had witnessed increasing demand from customers wanting to move applications to private clouds.

He said buying Infoplex would allow Bulletproof to offer private cloud capabiities to existing customers as well as attract new clients.

Infoplex started operations in 2006 and was first put up for sale by Leighton Holdings in 2012, along with telco and data centre businesses Metronode and Nextgen.

In 2013, the three businesses were united under the Nextgen Group umbrella company, and Leighton Holdings sold off 70 percent to Canadian giant global investment manager Ontario Teachers' Pension Plan, retaining 30 percent.

A dozen employees of Infoplex will shift to Bulletproof, the company said. Woodward told iTnews the acquisition would not result in any redundancies.

"The Infoplex employees are a lean and tight team, and the sort of people that are in hot demand and which we're looking to hire on a regular basis anyway," he said.