Menu
Netregistry founder Larry Bloch graces Melbourne IT board

Netregistry founder Larry Bloch graces Melbourne IT board

Appointment follows the $50.4 million Netregistry acquistion

Melbourne IT has appointed Netregistry founder and chief executive Larry Bloch as a new company director.

The appointment follows Melbourne IT’s recent $50.4 million purchase of its largest rival (Netregistry).

The deal consisted of $38.3 million in cash and $12.1 million in shares with former Netregistry shareholders receiving more than 9 million shares, equating to a 9.99 per cent stake in the company.

At the completion of the sale, Melbourne IT acting chief executive, Peter Findlay, said it would create a company with greater scale, improved product offerings, and a breadth of operations which will benefit both shareholders and customers as a result of significant merger synergies.

Former managing director of Optus’s fixed division, Martin Mercer, is set to take the reins as chief executive and managing director from April.

Findlay will remain at the helm until Mercer’s arrival.

The combined company is expected to save $5 million through consolidation of platforms and infrastructure.


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.

Tags Melbourne ITNetregistryMartin MercerLarry Bloch

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments