Vocus splashes $23.5m on two data centres

By on
Vocus splashes $23.5m on two data centres

Acquires EDC business and assets.

Vocus will buy the data centres and operations of Enterprise Data Corporation (EDC) for $23.5 million, mere months after acquiring the assets of Perth-based rival Amcom.

Vocus will take over EDC's Norwest, Sydney and Mitcham, Melbourne data centres and business continuity operations in order to expand its own business via cross-selling opportunities and added redundancy.

Vocus CEO James Spenceley said the EDC acquisition was a "logical service extension to the current range of services offered to data centre customers". 

The $25 million purchase price will be funded from existing cash reserves. The buy is forecast to generate $4.7 million in annual EBITDA.

EDC's Sydney data centre sits on over 6000sqm of land in the Norwest business park and boasts more than 300 business continuity seats.

The two-storey Mitcham facility in Melbourne sits on 15,000sqm of land, and also includes more than 300 business continuity seats. 

Prior to the Amcom acquisition, Vocus had nine of its own data centre across Australia and New Zealand.

With the two new entities under its umbrella, Vocus boasts a national data centre network of over 20 facilities, a market cap of over $1.1 billion and a customer base of over 3750.

Copyright © iTnews.com.au . All rights reserved.
Tags:

Most Read Articles

Log In

Username:
Password:
|  Forgot your password?