Hubify Limited (ASX:HFY) is pleased to announce the completion of its acquisition of database assets within Queensland-based telecommuncations provider, Net Hoster.
The acquisition strategic rationale was:
- Net Hoster provides Data, Voice, Mobility and Managed Services to business customers. Hubify has agreed to acquire 203 active accounts, predominantly in QLD and Northern NSW.
- Hubify will take over the overseas support team which will deliver further synergies across the business.
“After releasing some solid half yearly results, we are very pleased with the quick turnaround on the completion of this transaction. We are now very focused on properly integrating Net Hoster within our standard 90-day schedule in order to make way for our next acquisition. We look forward to enhancing the customer experience for the acquired customer base and driving organic growth under the Hubify brand. I look forward to updating the market further as our acquisition pipeline continues to materialise.”
Hubify CEO Victor Tsaccounis