90east acquires Peakhour

Security services consultancy 90East has acquired network hosting provider Peakhour in a bid to broaden its client base in the corporate sector as well as its product base.

90East director Edwin Daniels said the acquisition of Peakhour represents the latest step in the company's continued investment growth, but was unwilling to disclose financial details.

Well established in the public sector as a security services provider to government agencies, 90East has expanded this year into the private sector clinching details with Australia's largest banks.

Peakhour CEO David Yuile will become CEO of the combined entity and 90East expects the acquisition will expand its service offerings with hosting and performance monitoring capabilities and increase its presence in the Sydney corporate market, company officials said.

It will also own significant intellectual property rights and expertise in encrypted VPNs; moves are afoot to relocate 90East staff to Peakhour offices in William Street, Sydney.

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