Telecom buys cloud computing firm
Telecom has agreed to acquire 30-person Auckland cloud computing company Appserv for $17 million.
Telecom spokesman Richard Llewellyn said privately-owned Appserv had 180 customers and catered to mostly small businesses that couldn't justify having their own IT departments, and provided them with desktop computer software hosted in the cloud.
Telecom chief executive Simon Moutter said the company saw it as a strategic investment that provided another piece of its "cloud jigsaw".
Retail boss Chris Quin said the benefits of cloud computing were still largely untapped, particularly by small and medium-sized businesses.
The Productivity Commission in a report this month highlighted the potential for cloud computing to make the services sector more efficient, saying it could help small firms in particular cut costs and boost productivity.