News : Telstra Acquires APAC Cloud Services Company Kloud
Melbourne, Australia, Jan 21, 2016 -- Telstra has signalled its continuing interest in expanding its cloud and managed network application services with the acquisition of Australian company Kloud.
A Microsoft partner, Kloud provides professional and managed services to enterprises for corporate and government customers across Australia and the Asia-Pacific region, as well as supplying solutions for productivity, identity, security, application development, and cloud infrastructure for enterprise cloud applications.
According to Kloud managing director Nicki Bowers, the acquisition will make the long-standing partnership between Kloud and Telstra more official.
"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," Bowers said.
Though headquartered in Australia, with employees in Sydney, Melbourne, and Adelaide, some of Kloud's 150 staff members are also located in Manila.
Telstra said it hopes to use the acquisition to leverage Kloud's experience to improve the technology solutions that the telecommunications company offers its enterprise customers.
Earlier on Thursday, Telstra also announced that its venture capital arm, Telstra Ventures, had invested in United States application delivery services provider Instart Logic.
"Given mobility continues to be one of the top trends in the technology space, we are excited to start the year with an investment in Instart Logic. Their end-to-end application delivery platform combines machine learning for performance and security with a CDN for delivery," said Mark Sherman, managing director of Telstra Ventures.
The Telstra-Kloud transaction is still subject to satisfaction of conditions precedent, and is likely to be completed by the end of February.
Posted by Veronica Silva Cusi, news correspondent
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Published: Friday, January 22, 2016