Menu
Telstra hits acquistion trail

Telstra hits acquistion trail

TELSTRACLEAR has acquired local security consultancy Sytec in a deal worth $12 million. The purchase includes Sytec subsidiary company DMZGlobal, an application service provider. Sytec, established in 1987, employs over 140 staff - all will be retained.

TelstraClear CEO Rosemary Howard says the purchase allows delivery of full end-to-end ICT solutions to business customers from the advisory and consulting phase through to delivery and management.

“Sytec’s internet protocol expertise complements TelstraClear’s world class IP network capabilities. The staff have unique skills and processes that, combined with Telstra, will allow both companies to develop,” she says. Howard says there will be little effect on the channel as sales will continue through the Telstra channel, although she doesn’t rule out future flow-through opportunities as the businesses develop.

Sytec will continue to operate as a stand-alone business but the purchase allows both companies to cross sell and upsell products to new and existing customers.

TelstraClear says the New Zealand ICT market is expected to reach $2.16 billion in 2004 and $2.76 billion in the next four years.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.​

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments