Menu
ASX-listed CSG buys Kiwi tier-1 Microsoft Cloud Solutions Provider

ASX-listed CSG buys Kiwi tier-1 Microsoft Cloud Solutions Provider

CSG, formerly Konica Minolta in New Zealand, buys former partner in school cloud transformation project.

Collecting a gong: pcMedia Technologies wins the New Zealand Microsoft education partner of the year award in 2016.

Collecting a gong: pcMedia Technologies wins the New Zealand Microsoft education partner of the year award in 2016.

Australia's CSG has quietly acquired award-winning Microsoft partner pcMedia Technologies.

In a filing to the Australian Securities Exchange (ASX) CSG said it had bought Blenheim-based pcMedia for NZ$2 million, with $300,000 paid in cash and $1.7 million to be paid as earn-outs over the next three years.

The June transaction saw CSG, which in New Zealand used to operate under the brand Konica Minolta, gain 9200 Technology as a Subscription seats deployed by pcMedia locally.

It has also gained pcMedia's other local service business lines.

Lee Harper, pcMedia's technical director, told Reseller News the company was looking for a vehicle to scale-up its activities in education. It first worked with CSG on the Ministry of Education's School Cloud Transformation proof of concept (pdf). 

pcMedia, which trades under the motto "Top of the South", started in 1993 in a garage selling floppy disks. It now services corporate, small business and home users in the region.

A cloud services specialist, pcMedia has won a awards including the Microsoft's New Zealand Platinum Partner of the Year and Education Partner of the Year.

CSG, which has been expanding out of managed print services into cloud, notes in its disclosure it has amended its shareholder and distribution agreemeents with Konica Minolta to allow a rebrand to CSG in New Zealand. It is now a non-exclusive distributor of Konica Minolta products.

Shedding the brand enables CSG sales staff to "go to market uninhibited by trading under the brand of a print manufacturer", it said.

CSG told shareholders it would recognise an approximately $55 million impairment on its print assets, subject to auditor appproval. Sales of approximately A$245 million were around $10.5 million below expectations in the year to 30 June.


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 MicrosoftcsgKonica MinoltapcMedia Technologies

Featured

Slideshows

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