Vocus sells non-core IT Services business Vocus Communications Limited (Vocus) today announced it has signed agreements with ASX Listed Cirrus Networks Holdings Limited (Cirrus) for the sale of the IT Services business. The IT Services business, also known as Amcom L7 Solutions Pty Limited, was acquired through the takeover of Amcom and identified as non-core following a strategic review during the integration process. The IT Services business generated $28m of revenue and a small contribution to EBITDA for Amcom in FY15. As part of the sale, Vocus is working together with Cirrus for a seamless transition for staff, customers and other stakeholders.
