Zettagrid acquires Adisyn’s VMware cloud assets for up to $1.4M

Australian cloud services provider Zettagrid has acquired the VMware cloud assets of Adisyn for up to $1.4 million.

The purchase price is split into two tranches, with the first tranche of $850,000 paid on 1 May. Meanwhile, the second tranche of $550,000 will be paid in nine months’ time and is subject to a number of conditions, such as the annualised revenue of VMware customers at the completion date.

Zettagrid claimed that the deal would help it achieve “significant” growth in Asia Pacific (APAC) and is its nineth asset acquisition of cloud and networking assets since opening in 2010.

It also claimed the business formerly known as DC Two has a unique cloud footprint in Darwin, which will be upgraded and turned into its sixth Australian availability zone alongside those in Sydney, Melbourne, Brisbane, Perth and Adelaide.

The provider said it and Adisyn use similar technologies, including VMware, Microsoft, Veeam and Wasabi, which it claimed will simply the customer migration process. After the migration, Adisyn customers will gain access to Zettagrid’s self-service cloud portal and automation.

Meanwhile, Adisyn said in a statement to the Australian Securities Exchange (ASX) that it will transfer all customer agreements and contracts relating to VMware cloud assets.

In addition to the deal, Zettagrid is also entering into a strategic partnership with Adisyn, with the latter white-labelling the former’s Australian cloud services as part of its offering, which will allow it to focus on providing scalable, service-based solutions while cutting back on the need for capital expenditure.

In other words, this means Adisyn can focus on its managed IT and cyber security services.

“This sale and partnership allow us to focus our attention on building service-based solutions for defence-linked SME [small- to medium-sized enterprise] businesses, while still being able to utilise the cloud infrastructure scale which Zettagrid has built over a number of years,” said Adisyn managing director Blake Burton.

“Zettagrid [is] a national cloud provider in Australia, allowing Adisyn to provide local cloud services in almost every state as part of our sovereign IT offering”.