Hostech acquires Anittel for $2.5m

Hostech acquires Anittel for $2.5m

Telecom services company Hostech (ASX:HTC) has acquired IT and telecom company Anittel for $2.5 million.

The company paid 87.5 million Hostech shares at 2 cents per share, as well as $730,000 in cash for the acquisition.

Hostech said it was also close to acquiring Accord Technologies, Axxis Technology and the assets of Aspirence, adding that the purchase price for these companies will be revealed shortly.

Anittel currently has 6,000 customers in 16 industries, and is certified to supply IT solutions from Microsoft, Telstra, HP, Cisco, IBM and other major vendors.

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

Join the newsletter!


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 Mergers and acquisitionsit servicesHostechAnittel

More about CiscoHPHTCIBM AustraliaMicrosoftTechnologyTelstra Corporation

Show Comments