destra subsidiary, Techex, acquires Veritel customer base
Announcement posted by Destra Corporation 09 Dec 2004
destra acquires Veritel DSL customers in bid to strengthen communications service provider activity
Techex Communications, a communication services organisation with complete end-to-end managed services and a wholly owned division of destra Corporation Limited (ASX:DES) (destra) has acquired all of Veritel Australias broadband DSL customers.
destras strategy to offer a one stop shop business communications solution was made more compelling with the acquisition of Techex in October. Techex delivers high quality broadband, wireless, voice, managed services, VPNs and related products to businesses, education and government departments nationally.
Techex, along with other destra divisions, will undergo a rebrand in 2005, at the same time as the company launches new market initiatives.
The Veritel purchase was made using operating cashflow and will bring an additional $500,000 in revenue to destra Corporation, adding immediate profitability to bottom line.
The additional 350 business broadband customers strengthens the customer base and offers upsell opportunities for destras other business offerings which include shared hosting for SMEs, high end web hosting services for larger customers and comprehensive domain registration services.
Domenic Carosa, destra Corporations CEO, said, Today, there are few companies that have the breadth of communications and online services we are taking to the market directly as well as through our family of resellers.
Ivan Hurwitz, Veritel Australias Managing Director, said, "With Veritel increasingly focusing on becoming a dominant supplier of wireless services, we felt that our DSL customers would benefit from the services offered by a company which has successfully been providing and supporting the broadband needs of business customers. Techex is a well respected, award winning Communications Service Provider whom we have known for some time. The fit was perfect."
Chris Collinge, Managing Director, Techex , said, "Veritels DSL customers want and expect a business grade communications and connectivity offering such as ours backed up with a support service second to none. As part of destra, a number of similar acquisitions will be made over the coming months. We are confident that these will be as successful as the Veritel transaction where we have seamlessly transitioned and integrated all customers within the Techex business environment."
Techex was recently awarded Nextep Principal Partner status the highest level within Nexteps Priority Partners program.
About Destra Corporation Limited
Destra Corporation (ASX:DES) is a leading internet and e-commerce company delivering internet business and consumer entertainment solutions. destras strategy is focused on high growth internet hosting and digital media markets and the development of proprietary intellectual property.
SME and corporate enterprise offerings are delivered through the following divisions ozHosting.com Priority One, Yahoo Web Hosting (by ozHosting.com), ozHostingAdvanced, TPP Internet, Techex Communications. Visit www.destra.com.
Issued by Rivers of Communication
On behalf of destra Corporation Limited
Media enquiries
Domenic Carosa, Chief Executive Officer, destra Corporation Limited, tel: +61 3 8415 9111
Chris Collinge, Managing Director, Techex Communications (destra Corporation subsidiary), tel: 1300 881 112
Dolores Diez, Rivers of Communication, tel: +61 3 9572 4552 / 0417 330 881
email: dolores@riversofcom.com.
destras strategy to offer a one stop shop business communications solution was made more compelling with the acquisition of Techex in October. Techex delivers high quality broadband, wireless, voice, managed services, VPNs and related products to businesses, education and government departments nationally.
Techex, along with other destra divisions, will undergo a rebrand in 2005, at the same time as the company launches new market initiatives.
The Veritel purchase was made using operating cashflow and will bring an additional $500,000 in revenue to destra Corporation, adding immediate profitability to bottom line.
The additional 350 business broadband customers strengthens the customer base and offers upsell opportunities for destras other business offerings which include shared hosting for SMEs, high end web hosting services for larger customers and comprehensive domain registration services.
Domenic Carosa, destra Corporations CEO, said, Today, there are few companies that have the breadth of communications and online services we are taking to the market directly as well as through our family of resellers.
Ivan Hurwitz, Veritel Australias Managing Director, said, "With Veritel increasingly focusing on becoming a dominant supplier of wireless services, we felt that our DSL customers would benefit from the services offered by a company which has successfully been providing and supporting the broadband needs of business customers. Techex is a well respected, award winning Communications Service Provider whom we have known for some time. The fit was perfect."
Chris Collinge, Managing Director, Techex , said, "Veritels DSL customers want and expect a business grade communications and connectivity offering such as ours backed up with a support service second to none. As part of destra, a number of similar acquisitions will be made over the coming months. We are confident that these will be as successful as the Veritel transaction where we have seamlessly transitioned and integrated all customers within the Techex business environment."
Techex was recently awarded Nextep Principal Partner status the highest level within Nexteps Priority Partners program.
About Destra Corporation Limited
Destra Corporation (ASX:DES) is a leading internet and e-commerce company delivering internet business and consumer entertainment solutions. destras strategy is focused on high growth internet hosting and digital media markets and the development of proprietary intellectual property.
SME and corporate enterprise offerings are delivered through the following divisions ozHosting.com Priority One, Yahoo Web Hosting (by ozHosting.com), ozHostingAdvanced, TPP Internet, Techex Communications. Visit www.destra.com.
Issued by Rivers of Communication
On behalf of destra Corporation Limited
Media enquiries
Domenic Carosa, Chief Executive Officer, destra Corporation Limited, tel: +61 3 8415 9111
Chris Collinge, Managing Director, Techex Communications (destra Corporation subsidiary), tel: 1300 881 112
Dolores Diez, Rivers of Communication, tel: +61 3 9572 4552 / 0417 330 881
email: dolores@riversofcom.com.