Written by Lancom Communications, July 2019
Lancom Technology, an Auckland based software and technology provider, has announced the acquisition of PowerNet Computer Consultants NZ Ltd, the local arm of a mid-sized Australian company. The key acquisition sees Lancom Technology significantly increase its customer base.
The transaction sees more than 160 new customers join Lancom Technology. The opportunity with these new customers is to offer a broader solution range, including Microsoft productivity applications, Microsoft Azure, AWS, and custom application development.
With this deal, the Australian principal of Powernet Computer Consultants - Powernet IT Solutions- has withdrawn from the New Zealand market to focus on its own domestic growth.
Lancom Technology is focused on executing an aggressive growth strategy with most of the growth expected to come from merger and acquisition activity.
Waruna Kirimetiyawa, Chief Executive of Lancom Technology said: "While we’re a software and technology company, we're very much a people business, so we need to invest time and effort into building relationships and understanding the technology needs of our customers. This is essential in the creation of lasting value."
Among the customers now onboarding, many are still traditionally architected. This is where Lancom Technology is well placed to add value through modernisation, automation, integration, improvements and the delivery of cloud solutions.
While this particular deal has just concluded and there will be work to be done in the coming weeks and months, there’s appetite for more. We’ll remain on the lookout for further acquisitions in the coming two to three years, with a specific focus on Managed Services Providers looking to become part of a larger organisation. And as many of you will know, deep expertise in security, application development and systems integration is of interest, as is vertical specialisation.
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