Over the Wire debuts on Australia’s inaugural S&P/ASX All Technology Index (XTX)

Over the Wire (ASX: OTW) has been recognised with its inclusion in the recently launched S&P/ASX All Technology Index. As a growth-focused provider of telecoms, cloud and security solutions to mid to large enterprises across ANZ, Over The Wire has joined this inaugural list which includes 46 of Australia’s most innovative technology organisations. This sector has been ranked as the fastest growing by the Australian Stock Exchange.

Launched in 2007 and listed on the ASX in 2015, Over the Wire is focused on being passionately promoted by its customers. Continuous growth and a 96% customer retention rate reflect its success.

With an expansive telecoms network spanning Australia and New Zealand and offices in Brisbane, Sydney, Melbourne and Adelaide, the company has the footprint and capability to be a true one-stop-shop for IT & T solutions.

Managing Director Michael Omeros said: “Our plan for the second half of FY20 focuses on the delivery of strong organic growth, particularly through recurring revenue and extending our product portfolio with valuable new services. This includes the introduction of post-paid mobility services underpinned by the Optus network.  We will also be finalising our carrier interconnect project that will establish NetSIP as a true Tier 1 voice platform. We believe that this is a game-changer not only for Over the Wire but for Australian business too,”

When describing what joining the All Technology Index means to Over the Wire, Michael commented: “We are very proud to be part of this Index. It reflects the commitment everyone at Over the Wire has made to our entrepreneurial journey. Joining it helps investors understand the value we bring to the market. The Australian technology sector is dynamic, and this recognition of our efforts is extremely pleasing.”

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