News and Announcements
Bulletproof Acquires Infoplex
- Published September 16, 2015 3:35PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
16th September 2015, ASX Announcement
Bulletproof to acquire Infoplex Private Cloud Services business:
- Purchase price $3.55m in cash (funded by placement to institutional investors)
- EPS accretive deal represents a payment of c.2x EBITDA (fully synergised)
- EBITDA contribution to FY16 expected to be c. $1.0m
- Blue chip managed managed private cloud customers
- Leading ISO27001-certified VWware-based private cloud private
- Infoplex employees to transition to Bulletproof
Bulletproof (ASX:BPF) is pleased to announce it has agreed to acquire Infoplex Pty Ltd, a leading Managed Private Cloud company that utilises third party data centres in Sydney and Melbourne. Infoplex, part of the Nexgen Group, manages and hosts blue chip custoiemrs’ private cloud requirements for core enterprise applications.
Bulletproof has agreed to pay $3.55m in cash for the purchase of 100% of the shares in Infoplex. The funds to meet that consideration and associated costs have been raised from a placement of $3.8m of the Company’s shares at 25c each with a number of institutional investors, including existing shareholders. The Company proposes to undertake a subsequent Share Purchase Plan at the same price offered to those placement investors (25c), to ensure all shareholders have the opportunity to participate in the transaction.
To read the full announcement, please click here.
To view the Investor Presentation, please click here.
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