Telecom buys cloud computing firm

TOM PULLAR-STRECKER
Last updated 09:43 18/06/2014

Relevant offers

Industries

Migrants, please come south Feijoas barred from China and Taiwan, but could have huge market there Glen Sowry: Making his own luck Changing people seek healthy living partner Being the only woman on site takes its toll Electricity prices get a jolt as Transpower puts lake levels on watch Budget 2017: Nine years of spending under National Potential removal of Viaduct loading zones rattles local businesses Wage growth certainly wouldn't be described as hot, Prime Minister Bill English says Supreme Court rules investor in Ross Asset Management has to repay $454K

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.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content