Cirrus buys L7 solutions from Vocus

Cirrus buys L7 solutions from Vocus

$500k deal expected to be completed in a week

Cirrus Networks has announced that it has bought Amcom L7 solutions from Vocus in a $500,000 deal.

L7 focuses on information technology, especially integration and managed services, and was established by current Cirrus board members Mathew Sullivan and Andrew Milner in 2004. Amcom acquired it for $15 million in 2011. Amcom merged with Vocus earlier this year.

Despite a decline over the intervening years, L7 managed to post revenues of $6.3 million in the first quarter of FY2016.

Despite this, Cirrus believes L7's bluechip customer base, running across government departments, will be a good fit for the company and produce positive earnings to the company's full year results.

Prior to Amcom's acquisition, L7 was Cisco and EMC's largest West Australia owned partner.

"This is a key strategic acquisition for Cirrus, enabling us to grow our capability sets in both a cost effective and efficient manner," Frank Richmond, Cirrus CEO said.

"We are confident of driving further growth as we integrate the business and implement an immediate return to the service levels and technical expertise L7 customers have come to expect."

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Tags L7Vocusamcomcirrus

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