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Over the Wire to acquire VPN Solutions

Over the Wire Holdings Limited (OTW) (ASX:OTW) is pleased to announce that it has entered into a binding agreement to acquire all of the shares in VPN Solutions Pty Ltd (VPN). Completion of the acquisition is expected to take place on 1 November 2017 (Completion) and is subject to a limited number of customary conditions precedent.

Established in 2002, VPN is based in New South Wales and delivers business grade telecommunications solutions to the Australian SME and Corporate markets. VPN has approximately 150 business customers, has experienced high levels of customer retention and specialises in delivering complex managed network solutions. VPN will accelerate Over the Wire’s geographic expansion in New South Wales and South Australia.

Managing Director Michael Omeros said, “We are very excited to be able to welcome VPN Solutions to the Over the Wire group. VPN Solutions is a high quality provider of managed networks with an impressive list of long term clients. VPN Solutions expedites our geographic expansion plans into New South Wales and South Australia and complements our expansion into Victoria following the acquisition of Telarus earlier this year.”


About VPN Solutions

VPN Solutions is a privately held telecommunications company that delivers business grade solutions to the Australian SME and Enterprise markets. Employing 21 staff and headquartered in New South Wales, VPN Solutions delivers managed networks to approximately 150 business customers. VPN Solutions prides itself on being able to successfully deliver complex solutions with a strong focus on customer service. For more information visit www.vpnsolutions.com.au.

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