Bulletproof (ASX:BPF) is set to acquire private cloud provider Infoplex from Nextgen Group.
Infoplex uses third party data centres in Sydney and Melbourne. It manages and hosts blue chip customers’ private cloud requirements for core enterprise applications.
Bulletproof will pay $3.55 million for the Infoplex shares following a trading halt yesterday.
According to Bulletproof CEO, Anthony Woodward, it has identified applications that customers wish to move to private cloud for a variety of reasons.
“This acquisition gives us additional, market leading, private cloud capacity and capability. That not only expands our own offering, but also presents a clear opportunity to the company to acquire more of these customers,” he said.
"Infoplex uses technology platforms and skills in which we are already the proven market leader, providing managed private cloud services to customers like Bluescope Steel, Crownbet and Movember.”
The Infoplex business has revenues of $6 million with earnings of $1.4 million EBITDA.
Bulletproof announced full year revenues of $29.2 million and EBITDA of $4.2 million for the year ending 30 June 2015.
This was up from FY14 revenue of $18.3 million and EBITDA of $2.9 million.
Managed public cloud revenue was $10.7 million, up from $2.8 million last year.