Tripoint plans Melbourne expansion

Tripoint plans Melbourne expansion

Sydney-based integrator flags acquisitions as a potential growth strategy in Melbourne

Sydney-based integrator, Tripoint, has signalled plans to grow its Melbourne market presence through acquisition.

Tripoint CEO, Ian Woollett, said he would consider purchasing a services-oriented organisation.

"We've never done an acquisition before, but we're looking at all sorts of growth options both organic and acquisitive," he said.

The decision comes as the company completes an agreement to provide a disaster recovery plan (DRP) to Norwegian engineering, construction and technology outfit, Aker Kvaerner. The deal saw Tripoint review, develop and document an end-to-end business impact strategy to mitigate the company's IT risks. The deal was brokered out of its Melbourne office. Financial details were not disclosed.

Woollett said it was the company's first step into the resources market. Most of Tripoint's customers were from the financial services, distribution, retail and manufacturing markets, he said. It has also completed similar work for clients such as Aristocrat and Brightpoint.

"With the current resources sector boom, this does open up a new market for us and it is a strategic win in that sense," Woollett said. "Aker has multiple core systems, so we had to identify the impact from a business perspective and the IT risks associated with that and put some mitigation strategies in place."

Woollett anticipated the deal would see its Melbourne branch now contributing about 20 per cent to its overall revenue.

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