Telstra has purchased a network integrator
$40 million reseller adds to NAS division.
Telstra has acquired network integrator O2 Networks in the latest addition to its growing network applications and services (NAS) division.
O2 Networks designs and manages networks for 370 large financial and government-owned clients.
The moves "significantly enhances" Telstra's ability to provide network, data centre and cloud services, a spokesperson said in a statement.
Telstra's NAS portfolio grew 17.7 percent for the year ended 30 June. Contracts include its $1.1 billion contract with the Department of Defence as well as deals with Jetstar and Fitness First.
according to ASIC files, O2 Networks turned over $40 million for the full year to 30 June 2013, a 14.7 percent fall from $46.9 million year-on-year.
The company reported profits of $6.2 million for 2012-13, a 29 percent percent fall from $8.8 million the year before.
O2 covers a broad sweep of vendor partners, especially in the networking and security space. It is understood that O2 Networks is one of the few companies that provides enterprise support for Juniper switches in a market dominated by Cisco.
this is another step in Telstra's renewed push in enterprise IT services via acquisition.
In August, the telco acquired unified communications integrator NSC Group, in particular for its contact centre offering.
Like O2 Networks, that buyout was brought under Telstra's NAS business.
In the IT space, Telstra has also been buying up medical IT specialist and e-health companies, namely CA Health, IP Health and Fred IT.
The buyouts show Telstra's keenness to expand in enterprise IT through M&A
END OF QUOTE.
Anyone know where this is all heading ?
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