TasmaNet raises $5.3 million to fund continuing expansion
Announcement posted by PR Deadlines 23 Jul 2015
HOBART, July 23, 2015 - TasmaNet, a Hobart-based traditional full service telecommunications carrier that has reinvented itself as a premium cloud provider, announced today a successful investment of $5.3 million from new and existing shareholders.
The deal was brokered by Investment Bank Greenard Willing.
“This is an outstanding result - the largest ICT investment Tasmania has seen. It is clear sign that telecommunications and cloud services companies are in demand, and not limited to Melbourne and Sydney,” said Ken Fleming, a partner at Greenard Willing.
TasmaNet Managing Director Joel Harris said: “The new funding will enable TasmaNet to add resources, develop automation, improve accessibility and underwrite the rapid growth of our premium cloud service.
He added: “The expanding investment we are making into our cloud program will ensure that business services can be delivered securely and quickly. To guarantee that our services are accessible to customers, TasmaNet is virtualising its Telco network. Working with HP, TasmaNet is building a purpose-built telecommunications network designed to support businesses purchasing cloud services.”
This latest funding builds on TasmaNet’s current investments in Tasmanian infrastructure. TasmaNet is strong in the belief that as more companies purchase business technology services, the ‘as-a-service’ locations of providers are becoming less of a barrier.
TasmaNet’s shareholders and board are working towards TasmaNet becoming an iconic Tasmanian business, investing locally, employing locally and delivering services to all regardless of location.
TasmaNet provides solutions to small and large enterprises, including the Tasmanian State Government. It has a full complement of infrastructure and provides a wide range of services, including ubiquitous cloud solution, managed private network services and data centre colocation services.
About TasmaNet
TasmaNet is a Tasmanian owned and operated licensed telecommunications carrier and cloud service provider, focused on providing innovative and integrated telecommunications and ICT infrastructure solutions. Since 2004 TasmaNet has provided a range of premium data communication and data centre services to businesses, communities and consumers across Tasmania and mainland Australia
TasmaNet’s local data centre and cloud services and facilities are key components of its five-year investment strategy. Leveraging TasmaNet’s sophisticated and integrated facilities, the company has created a Centre of Excellence for ICT organisations to test and pilot technology innovations in Tasmania.
For more information
Joel Harris,
Managing Director, TasmaNet
0435 145 294
Joel@tasmanet.com.au
David Frost
PR Deadlines, for TasmaNet
+61.2.4341 5021
davidf@prdeadlines.com.au
The deal was brokered by Investment Bank Greenard Willing.
“This is an outstanding result - the largest ICT investment Tasmania has seen. It is clear sign that telecommunications and cloud services companies are in demand, and not limited to Melbourne and Sydney,” said Ken Fleming, a partner at Greenard Willing.
TasmaNet Managing Director Joel Harris said: “The new funding will enable TasmaNet to add resources, develop automation, improve accessibility and underwrite the rapid growth of our premium cloud service.
He added: “The expanding investment we are making into our cloud program will ensure that business services can be delivered securely and quickly. To guarantee that our services are accessible to customers, TasmaNet is virtualising its Telco network. Working with HP, TasmaNet is building a purpose-built telecommunications network designed to support businesses purchasing cloud services.”
This latest funding builds on TasmaNet’s current investments in Tasmanian infrastructure. TasmaNet is strong in the belief that as more companies purchase business technology services, the ‘as-a-service’ locations of providers are becoming less of a barrier.
TasmaNet’s shareholders and board are working towards TasmaNet becoming an iconic Tasmanian business, investing locally, employing locally and delivering services to all regardless of location.
TasmaNet provides solutions to small and large enterprises, including the Tasmanian State Government. It has a full complement of infrastructure and provides a wide range of services, including ubiquitous cloud solution, managed private network services and data centre colocation services.
About TasmaNet
TasmaNet is a Tasmanian owned and operated licensed telecommunications carrier and cloud service provider, focused on providing innovative and integrated telecommunications and ICT infrastructure solutions. Since 2004 TasmaNet has provided a range of premium data communication and data centre services to businesses, communities and consumers across Tasmania and mainland Australia
TasmaNet’s local data centre and cloud services and facilities are key components of its five-year investment strategy. Leveraging TasmaNet’s sophisticated and integrated facilities, the company has created a Centre of Excellence for ICT organisations to test and pilot technology innovations in Tasmania.
For more information
Joel Harris,
Managing Director, TasmaNet
0435 145 294
Joel@tasmanet.com.au
David Frost
PR Deadlines, for TasmaNet
+61.2.4341 5021
davidf@prdeadlines.com.au