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Telstra to acquire Australia-based professional and managed services company Kloud
Announced Date: 1/21/2016 Published Date: 1/22/2016

Australia incumbent Telstra announced it has entered into an agreement to acquire Kloud, a provider of professional and managed services to enterprises seeking to transition workloads and applications to the cloud.

With offices across Australia, in the cities of Melbourne, Sydney, Adelaide and Brisbane, and in Manila in the Philippines, Kloud assists corporate and government customers in Australia and the Asia region to adopt and leverage cloud technologies. Kloud has expertise spanning cloud strategy, productivity solutions, identity and security, application development, cloud infrastructure and managed services for enterprise cloud applications.

The company has established partnerships with Microsoft Azure and Amazon, as well as Telstra.

Telstra stated that the proposed acquisition forms part of its strategy to expand and enhance the capabilities of its Network Applications and Services portfolio, which provides enterprise and business customers with managed network and security services, as well as cloud and communications solutions.

Telstra noted that Kloud has an established brand in Australian, having been working in the market since 2010, and also addresses the Asia Pacific region, principally Singapore. The company has a total of 150 employees in Australia and Manila and claims more than 80 customers.

The transaction of Kloud is subject to customary closing conditions and is expected to be completed towards the end of February 2016.

Regarding the acquisition, Telstra executive director, Global Enterprise and Services, Michelle Bendschneider, commented, "Telstra is committed to helping customers increase agility, lower costs and increase their competitive advantage… Kloud's expertise can (help) customers transition their workloads and applications to the cloud… and will enhance Telstra's consulting-led capabilities, expanding its professional and managed services and complementing recent acquisitions such as NSC, O2 Networks and Bridgepoint".