Menu
Menu
iiNet completes acquisition of Netspace

iiNet completes acquisition of Netspace

ISP iiNet ASX:IIN) has completed the acquisition of Netspace for $40 million in cash.

The deal, which was announced on March 29, was funded through a $100 million three-year bank loan from Westpac.

“Thanks to the support of Netspace’s management and directors, the transaction has been very well received by Netspace staff and customers,” iiNet CEO Michael Malone said.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags netspaceiiNetMergers and acquisitions

Show Comments
Computerworld
ARN
Techworld
CMO