Telecommunications provider AspireTel has acquired the business assets of SME Dot Net Ltd.
With this transaction, AspireTel expects to significantly increase customer revenues from internet and computer based opportunities, such as broadband, computer, fixed line and mobile services.
“Due to convergence of the voice and data markets, the opportunity for AspireTel to expand into the software as a service (SaaS) market and sell add on cloud based server and data back up solutions is an exiting opportunity, which comes with higher margins compared to traditional based telecommunications services like fixed line telephony and broadband,” said AspireTel’s CEO Bryan Holmes.
The acquisition includes Dot Net’s customer-base of around 4000 customers, as well as the operational telephony infrastructure.
Both companies will trade together under two separate competing brand names.
The acquisition comes after the appointment of Gerry Rea Partners as the liquidators for Dot Net Ltd on 30 November.
AspireTel will take on some of the Dot Net’s technical employees but it will not maintain the company’s Pukekohe retail presence.