UXC merges infrastructure businesses

ASX-listed services outfit UXC (ASX:UXC) has merged three of its infrastructure businesses, Integ Group, XSI Data Solutions and UXC Connect, following several attempts to demerge or sell off the company.

ASX-listed services outfit UXC (ASX:UXC) has merged three of its infrastructure businesses, Integ Group, XSI Data Solutions and UXC Connect, following several attempts to demerge the business.

The three companies will operate under the UXC Connect name with former Integ boss, Ian Poole, heading up the new unit. According to UXC, the new business — which follows six months of planning — will have more than 650 employees and projected first-year revenues of $235 million.

The business main offerings will be outsourced, hosted and managed services; cloud and premise unified communications; mobility; secure networking; data centre and storage management; and contact centre solutions.

In a statement Poole said the merger would position UXC Connect to grab a larger slice of the public and private sector ICT infrastructure solutions and services markets.

“The commencement of business on July 1 will be the culmination of many months of hard work by teams that have been formed across our three companies to ensure a smooth transition,” Poole said in a statement.

“The new UXC Connect will be bigger, bolder and more competitive, offering a renewed focus on innovative service models and solutions.”

In February, following the posting of its results for the six months to 31 December, UXC managing director, Cris Nicolli, said the company was forging ahead with plans to demerge its IT and field solutions businesses into two listed entities, despite being unable to find a buyer for the latter group.

In November the company reported it had yet to find a willing buyer for the company, ten months on from announcing that it was considering selling off the company in an effort to unlock greater shareholder value.

In May the company said the allure of the Cloud had prompted IntraPower (ASX: IPX) and UXC Connect to offer up yet more Web-based services.

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 businessit servicesUXCmergers & acquistionsUXC Connect

More about IntegIntegXSI Data Solutions

Show Comments