MSP TODAY NEWS

Wheeling & Dealings: Telstra Improves O2 Uptake with $60 million Cloud Buy

By Doug Barney

Aussie-based Telstra is hoping to strike it rich in the down under cloud market by adding network integrator O2 Networks to its fold.

Telstra shelled out no short of a reported $60 million for the privilege of getting an O2 injection. O2 creates networks for Australian government agencies and financial concerns. So what do you get for $60 million Australian dollars? In this case O2 offers 100 employees and some 370 paying clients.

Telstra is, at least in part, buying its way deeper into the Aussie cloud market, having shelled out $100 million last year to buy the NSC Group.

“As our customers shift towards cloud-based environments, they increasingly require capabilities to securely integrate networks, data centers and cloud-based applications,” said Telstra’s Network Applications and Services (NAS) Executive Director Michelle Bendschneider.

“O2 significantly enhances this capability within Telstra’s NAS portfolio and this acquisition is consistent with our strategy of providing advanced network-based services that are highly valued by our customers. O2 have a reputation for deep-domain expertise and speed to market with emerging technologies including wireless network integration and next generation security threat detection and mitigation solutions. We value O2’s consulting-led approach to engaging with customers, ensuring the right solutions are developed rather than just focusing on the underlying technologies that are delivered.”


The two companies have worked together for years, and as such hope for a good fit.


“We’re excited by the opportunity for O2 to grow as part of Telstra and to provide the same excellent service we’re known for to even more customers. We have a long history of working with Telstra and we know that O2 will be an excellent fit. We also look forward to enabling our people to broaden their career opportunities within Telstra,” said O2 Networks Managing Director Euan Prentice.
 

O2 Brand has Oxygen – for now

Telstra’s Bendschneider says O2 brand will live on, at least for now, and that the entire O2 staff still have jobs.




Edited by Cassandra Tucker

MSPToday Editor at Large

SHARE THIS ARTICLE
Related Articles

Sigfox to Open Chicago Hacking House with Focus on the Smart City

By: Ken Briodagh    5/22/2019

Program brings together students and young professionals to develop IoT solutions that will enable the Smart City of the future

Read More

IoT Time Podcast S.4 Ep. 20 Z-Wave Alliance

By: Ken Briodagh    5/21/2019

In this episode of IoT Time Podcast, Ken Briodagh sits down with Mitchell Klein, Executive Director of the Z-Wave Alliance, to talk about connectivity…

Read More

Global Goals: Transformation Through Smart Communities Can Change the World

By: Shrey Fadia    5/20/2019

At an Infrastructure Week event on May 14, Don DeLoach of Rocket Wagon Venture Studios spoke with Chris Rezendes of Context Labs & Spherical Analytics…

Read More

Ready For Disruption? How to Cover Your Assets in Times of Turmoil

By: Special Guest    5/20/2019

When we think about disruptive forces that can impact business, we often think about technological change, emerging competitors, or economic cycles. B…

Read More

Ontario Launches Autonomous Vehicle Innovation Test Sites

By: Ken Briodagh    5/20/2019

Invest Ottawa and the Government of Ontario have launched the Ottawa L5 Connected and Autonomous Vehicle (CAV) Test Facilities.

Read More