Hubify builds out local MSP and telco play with double acquisition
Telecommunications provider Hubify has reached into its pocket to make a dual acquisition in the local IT and telco space.
Telecommunications provider Hubify has reached into its pocket to make a dual acquisition in the local IT and telco space.
Telecommunications provider Hubify, formerly known as United Networks, has acquired Net Hoster's telco customer database for $800,000 in cash in order to expand into Queensland.
United Networks has acquired telco reseller Red Telecom for $500,000 in cash, making it its sixth acquisition in 11 months.
United Networks has recorded a bumper financial year after seeing profit soar 396.5 per cent, ending the year with a profit of $2.6 million.
United Networks has undertaken its fourth acquisition over the past year, buying up the assets of C3 Innovations.
United Networks has rummaged through the bargain bin for its latest acquisitions, paying just $340,000 for two telecommunication service providers.
United Networks has announced it has entered into an agreement to acquire Broadland Group.