In a bid to expand its reach into regional Australia, Hostech reported that it had concluded its seventh acquisition in a trail of acquisitions the firm has undertaken in 2010. Hostech, the Australian data centre company, said it had bought the D2K client base in Townsville for an estimated A$90,000 and about 1.1 million Hostech shares besides the firm’s initial fiscal postings.
As its seventh acquisition this year, Hostech’s takeover comes after others such as 5 Star Telecommunications, Officelink Plus, Anittel Pty Ltd, Accord Technologies, Axxis Technologies and Aspirence. As it stands currently, Hostech has spent about A$9.1 million cumulative investment worth in the acquisition of the firms, in a period of four months starting January to April.
Source: Invest in Australia