The purchase of Commander’s enterprise networking assets will provide the platform for Communication Australia’s national growth plans, according to its chief.
Commander receiver, McGrathNicol, announced Communications Australia as the new owner of its networking enterprise business and customer base this week. As part of the deal, the company has hired 40 of Commander’s 80 dedicated enterprise networking staff.
Acting CEO and one of two major shareholders in the Communications Australia business, Mario Vecchio, said the Commander business was a natural fit with its heritage and focus. There was no overlap in customers.
Communications Australia is headquartered in Perth, Western Australia, and has built a presence in Victoria. It also has a smaller base in Sydney and employs 100 staff. The deal gave the company a bigger national footprint, Vecchio said.
“When the opportunity came up for the enterprise business at Commander, we negotiated with the receivers and were successful,” he said. “It was synergistic with what we do.”
Vecchio’s private equity firm also owns six technology development businesses offshore. The next step was to integrate all of them together to form a consolidated group. He is also in the process of building out Communication Australia’s management team in Victoria.
The global economic downturn was providing those organisations with solid cash backing a great opportunity to acquire more assets, Vecchio said.
“We are being very aggressive around our integration strategy – the downturn has given us an opportunity to do that quicker,” he said.