Vocus completes acquisition of Maxnet, commits investment

Posted on June 20, 2012

Auckland, New Zealand, 20 June , 2012 -- Australian telecommunication provider Vocus today confirmed yesterday's successful completion of New Zealand data centre and cloud services company Maxnet.

Vocus CEO James Spenceley says "after initially focusing on the integration of the two companies, we expect to make significant investment into the business."

"We are looking forward to growing Maxnet while at the same time offering a better service and experience for all of our customers," says Mr Spenceley. "We've been supplying commercial wholesale Internet to Australia and New Zealand for the past five years, and this investment marks the beginning of Vocus becoming more directly involved in the New Zealand market."

Maxnet is Vocus' fourth acquisition in 18 months.

"Today Maxnet celebrates a significant milestone in their history. It has been a thrill to be part of a fast-growing company that has helped bring bigger, better and more competitive services to New Zealand businesses," says outgoing Maxnet CEO John Hanna. "Maxnet has always challenged the status quo and I look forward to seeing it forge ahead, offering new cutting-edge data centre, cloud and internet services with the additional support and fire-power from Vocus."

"Having been an integral part of the sale process and staying on to confirm completion of the transaction, outgoing CEO John Hanna finished with the company yesterday." said Vocus CEO, James Spenceley, thanking him for his dedication to the sale process and hard work getting the company to where it is today.

Vocus provides connectivity to more than 160 Internet Service Providers (ISPs) and telecommunication companies in Australia and New Zealand, making it one of the largest internet suppliers in the region.

Vocus was named the 2011 Australian Telecommunications Carrier of the Year" was twice consecutively listed as one of top five growing businesses in the Deloitte Australia "Technology Fast 50" awards (2010/2011).

The Maxnet acquisition was formalised today during a small ceremony involving both Maxnet and Vocus staff.