Bendigo IT directors, Ian Gillard and Marie Denham, have sold the company to Bendigo-based network services provider, Maxsum Solutions, for an undisclosed amount.
Bendigo IT was established in 1979. The reseller offers services in network design and configuration, network management and support, hardware installation, strategic planning, and contracting services.
Gillard said the decision was a means of freeing up himself and Denham for retirement.
While Denham will leave Bendigo IT once operations are merged from May 1, Gillard will remain with the company for “a couple of years” on a part-time basis in a revenue assurance role as part of an existing contract with Community Telco Australia (CTA), a part of Bendigo Bank.
“We received interest from out of town, but we felt it was important that Bendigo preserves its IT consulting and provisioning capabilities through a local acquisition,” Denham said.
Maxsum and Bendigo IT maintain a 10-year “on-and-off” relationship through which the two have worked as business partners on multiple contracts.
According to Maxsum managing director, Joe Ciancio, the Bendigo IT brand will be retained and continue to operate due to its marketing value.
Moving forward, all operations will be moved into Maxsum’s Bendigo office. The parent will take on five Bendigo IT staff who will fill technical services, field services, and consulting roles. This will take Maxsum's total staff count to 20.
Ciancio claims Maxsum has been experiencing growth of between 10 to 15 per cent and expects Bendigo IT to deliver a further 10 per cent on top of that figure.