Administrators for wireless distributor, Integrity Data Systems, have sold the business in its entirety to Australian IT rentals company, TechRentals (TR) Corporation.
The deal was completed on November 18 for an undisclosed sum. The arrangement will see all six IDS staff, including director, Ross Chiswell, retained, alongside the company name and brand.
Chiswell said the sale was the best possible outcome for the business. It would provide products and services to TR as well as its current band of resellers.
"This gives IDS financial strength and the ability to have a national presence," he said. "We now have the resources available and will be able to position stock nationally as required. We couldn't do that in the past."
TR Telecom is a communications dealer with existing services based on Motorola's Canopy wireless product and the Nortel Mesh wireless platform. It also provides test and measurement services as well as AV and radio communications equipment. The IDS acquisition is one of several it has made recently in the communications space.
In a statement, TR Telecom head, David Gallagher, said the deal would give it new technical capabilities in spectrum radio, microwave and infrared products as well as a wireless broadband wholesale base. This in turn, would give it the opportunity to pursue larger customer contracts.
Adelaide-based IDS went into voluntary administration last month. At the time, Chiswell blamed the decision on monetary losses resulting from its failure to fulfill aggressive expansion plans.
The company had invested heavily in staff and infrastructure but had not made enough sales to support the costs long-term, he said.
IDS had continued to trade while under administration.
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