Brisbane News Station: iseek enters South Africa with multi-million acquisition of YourDC

Jason Gummersal (ISIC)

credit score: iseek

Brisbane-based iseek has expanded its attain into South Australia with the acquisition of information heart operator YourDC.

This provides two services on both aspect of Adelaide to the information centre, the cloud and connectivity suite, bringing the full to seven throughout Queensland, New South Wales and South Australia.

Whereas the precise quantity has not been disclosed, ARN understands the acquisition quantity is between $50 million and $100 million.

YourDC knowledge facilities present connectivity and co-location companies to authorities, protection and company shoppers.

The corporate’s Adelaide-based administration group, together with co-founder and CEO Scott Hicks, and workers will proceed to run the enterprise after the acquisition.

Jason Gummersal, founder and CEO of iseek, stated the acquisition is a “recreation changer” for the corporate’s development trajectory.

“It gives us with a major footprint in South Australia, enhances our nationwide providing and will increase our publicity within the protection and training sectors,” he stated.

“Complementary firms are market leaders of their respective states with confirmed observe information in delivering important, safe, and dependable infrastructure to authorities and company shoppers at scale.”

He additionally added that the acquisition will enable YourDC to make use of iseek’s proprietary platform to promote extra digital infrastructure options to its clients.

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It can additionally enable YourDC to broaden its enterprise efforts, Hicks stated.

Our acquisition by iseek will facilitate the subsequent development part, increasing our knowledge heart capability to make the most of vital market demand and development alternatives. As founder-led firms, YourDC and iseek have a number of synergies with the acquisition that allow us to supply extra digital and co-location companies.”

Iseek’s acquisition efforts come weeks after it gained a five-year knowledge heart service contract with the Queensland authorities after a aggressive bidding earlier in September.

It additionally comes greater than a 12 months after British-based infrastructure asset supervisor Amber Infrastructure purchased a majority stake within the supplier in July 2021.

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