Xpedior boosted by $83 million from PSINet

Xpedior boosted by $83 million from PSINet

Systems integrator Xpedior has announced it has signed a global investment agreement with Internet super carrier PSINet which will see an $83 million investment by PSINet in Xpedior worldwide.

In a statement relating to the announcement, Xpedior said it expected the investment to have significant local implications such as greater market penetration and an improved presence.

Kevin Morgan, Xpedior's Australian MD, said the partnership should "prove to be a powerful combination".

"Xpedior's expertise in developing and deploying integrated e-business solutions, coupled with PSINet's planned global network of hosting centres, should prove to be a powerful combination," Morgan said.

The agreement will see PSINet have 80 per cent ownership of Xpedior, with Xpedior continuing to operate as an independent company.

According to a statement, Australia will play a key role in Xpedior's growth plans, ". . . which will see the company double the size of its Perth solution centre, consolidate its Sydney office and open Melbourne and other regional offices later this year".

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