Telstra enters agreement to acquire professional and managed services company Kloud
Telstra today announced it has entered into an agreement to acquire Kloud, a provider of professional and managed services to enterprises seeking to transition their workloads and applications to the cloud.
Completion of the transaction is subject to satisfaction of conditions precedent.
With employees located across Australia and in Manila, Kloud assists corporate and government customers in Australia and across the Asian region adopt and take advantage of cloud technologies.
An award winning Microsoft partner, Kloud has world class capabilities in cloud strategy, productivity solutions, identity & security, application development, cloud infrastructure and managed services for enterprise cloud applications.
Telstra Executive Director Global Enterprise and Services, Michelle Bendschneider said the proposed acquisition would support Telstra’s objective of providing customers with market leading technology solutions.
“We are committed to helping Telstra customers increase agility, lower costs and increase their competitive advantage,” Ms Bendschneider said. “Kloud’s expertise can make it even easier for our customers to transition their workloads and applications to the cloud.
“Kloud will enhance Telstra’s consulting-led capabilities by expanding our professional and managed services, complementing recent acquisitions such as NSC, O2 Networks and Bridgepoint,” said Ms Bendschneider.
Nicki Bowers, Kloud Managing Director said Kloud and Telstra have been longstanding partners for many years.
“The potential for our people, our customers and partners was clear to see. We have watched and worked closely with Telstra in their move into ICT services and are keen to become a more integral part of it,” she said.
The proposed acquisition signals further growth and expanded capabilities for Telstra’s Network Applications and Services portfolio, which provides enterprise and business customers with managed network and security services, as well as cloud and communications solutions.
Kloud has a strong brand in the Australian market and has been working in the Asia Pacific region predominantly in Singapore. It has 150 employees across Melbourne, Sydney, Adelaide and Manila with more than 80 customers.
The transaction is likely to be completed towards the end of February.