Melbourne IT agreed to acquire the third largest Australian based cloud services provider Uber Global for $15.5 million AU (approximately $12.2 million USD) which also owns a ICANN Accredited domain name registrar.
The deal, is expected to be complete by April 30, 2015
The acquisition is being funded out of existing cash reserves of Melbourne IT.
The company reported that for its financial year of 2014 revenue was up 21%, to AU $124.7 million and its net profit after tax rose 27% after normalization for its acquisition of Netregistry.
Melbourne IT purchased Netregistry for over $50 million AU in early 2014.
Full Article: http://www.thedomains.com/2015/02/2...ustralian-cloud-services-co-domain-registrar/NetRegistry, which Melbourne IT acquired in March 2014, contributed revenue of AU$25.3 million, with net profit after tax for the business of AU$1.6 million.
