Telstra acquires Readify
- 04 July, 2016 10:47
Telstra on Monday announced it has acquired Australian application development and consulting and managed services provider, Readify.
Readify employs 200 staff across major Australian cities – including 160 software developers with all staff expected to be absorbed by Telstra.
The telco said that the acquisition will drive digital transformation for enterprise customers and global and domestic markets. Readify, a Microsoft channel partner, focuses on building enterprise cloud applications, big data and IoT solutions.
The Readify buy adds to Telstra’s acquisitions of O2 Networks, Bridge Point Communications and NSC over the past three years.
“As we know, apps and software in general are playing an increasingly important role in businesses,” said Telstra’s executive director, enterprise and services, Michelle Bendschneider.
“Readify will provide application development and data analytics services, nicely complementing Kloud’s existing services. It will enable Telstra to add incremental value to customers in enterprise cloud applications, API-based customisation and extensions as well as business technology advisory services.”
Strange told CIO Australia's sister publication ARN that being part of Telstra has opened by many opportunities and the company will retain its brand name for the foreseeable future.
"We started working out a way to partner with Telstra about 20 months ago and as I found out more about Telstra's move to really becoming a technology company, it made a lot of sense to join forces," Strange said.
In the past three years, Readify had ties with a private equity investor, Blue Sky and had a couple of tries in establishing an IPO, Strange said.
"We're spending the next 12 months looking at the best ways to leverage Telstra and some of their recent acquisitions and how we can work better together," he said.
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