Over the Wire is proud to be recognised by the Financial Times in its 2020 listing of the top 500 Asia-Pacific High-Growth Companies. The list highlights those independent companies who have exhibited standout growth. The technology sector dominates the rankings, demonstrating that innovation and creativity are key drivers of success.

The list ranks businesses from across the Asia Pacific with high-growth in revenues between 2015 and 2018 and was compiled on behalf of the Financial Times, by Statista, a research company.

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The Australian Financial Review this week released its Fast 100 list for the 2019 financial year, with Over the Wire taking out the #53 spot. With so much already having happened in the first few months of 2020, it is great to be able to take a moment to reflect on and recognise our hard work and achievements.

The 2019 Fast 100 is a list of Australia’s fastest growing companies for the 2018-2019 financial year. The full list can be found here. Over the Wire’s #53 spot is up from #69 in 2018 and #74 in 2017.

A sincere thank you to all our customers for their support, and to the Over the Wire team for their fantastic efforts.

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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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We are delighted that Over the Wire will today be added into the All Ordinaries Index (All Ords), Australia’s primary benchmark of the ASX. This index is made up of the 500 largest businesses on the ASX, so we are certainly humbled to be in such good company.

This is a great milestone for OTW, and we are very excited about the future journey.

This obviously would not have been possible without the incredible contribution and commitment from our customers and staff, thank you to everyone involved!

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“We are very excited to be able to welcome the teams from Access Digital Networks and Comlinx to Over the Wire. These acquisitions are a great result for the Over the Wire group, with Access Digital Networks expediting our geographic expansion into South Australia and Comlinx broadening the product offering we are able to offer to our customers and enhancing our data networks capability. Our selective quality acquisitions and strong organic growth ensure that we continue to execute on our strategy for growth, and we look forward to a positive 2019.”

More details about the companies and the acquisition process are outlined in our original announcement of acquisition article, or can be found in our ASX Announcements.

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• all of the shares in Access Digital Networks Pty Ltd and the business assets of Interactive Gateway Australia Pty Ltd (together, “Access Digital Networks”); and
• all of the shares in Comlinx Pty Ltd (“Comlinx”)

(together, the “Acquisitions”).

Completion of the Acquisitions is expected to take place on 1 November 2018 and is subject to a limited number of customary conditions precedent.

Over the Wire has funded the Acquisitions by raising $21.5m through a placement of 5 million shares, to institutional and sophisticated investors at $4.30 per share, and existing cash. Over the Wire is also delighted to offer eligible shareholders in Australia the opportunity to participate in a Share Purchase Plan at the same price of $4.30 per share (SPP). The SPP will be capped at $5.0m with a maximum allotment of shares to the value of $15,000 per shareholder.

Commenting on the announcement, Managing Director Michael Omeros said,

“We are very excited to be able to welcome Access Digital Networks and Comlinx to the Over the Wire group. Access Digital Networks and Comlinx are high quality businesses with quality teams that will integrate well with Over the Wire.

“Access Digital Networks expedites our geographic expansion plans into South Australia whilst Comlinx introduces some complimentary new offerings via intelligent networks, contact centre / customer experience and cyber security solutions, which will be of great benefit to our existing customers.

“We will continue to target >20% year on year organic growth, together with achieving very high levels of customer retention.”

About Access Digital Networks

Access Digital Networks is a leading South Australian based provider of business grade telecommunications services including data networks, voice and private cloud solutions and services.

Established in 2005, Access Digital Networks is headquartered in Adelaide and employs approximately 10 staff. Access Digital Networks has approximately 250 business clients with high levels of customer retention.

Access Digital Networks accelerates Over the Wire’s expansion into South Australia.

About Comlinx

Comlinx is a leading provider of IT managed solutions to Corporate, Enterprise and Government customers offering numerous cross-sell opportunities to the Over the Wire group.

Established in 2006, Comlinx is headquartered in Brisbane and employs approximately 20 staff. Comlinx has approximately 100 clients with high levels of customer retention and long tenure of relationships with major customers.

Comlinx provides Over the Wire customers with a broader product offering and accelerates Over the Wire’s move into the provision of Software Defined WAN (SD-WAN) solutions, further enhancing Over the Wire’s data network capability.

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“The acquisition of VPN Solutions is a great outcome for the Over the Wire group. It expedites our existing geographic expansion progress into New South Wales, as well as creating a presence in South Australia. Our selective quality acquisitions and strong organic growth ensure that we continue to execute on our strategy for growth, and we look forward to a positive 2018.”

We’re excited to welcome them into the team, and look forward to an exciting future together.

About VPN Solutions

VPN Solutions is a 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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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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Commenting on the acquisition, Managing Director Michael Omeros said, “The acquisition of Telarus is very exciting for the Over the Wire group. It expedites our existing geographic expansion progress into Victoria and allows us to introduce some complimentary new offerings. We look forward to a positive 2017 as we continue to execute our strategy for growth.”

In addition to the regional expansion and synergies expected on integration, Telarus has a high quality team that will integrate well with the Over the Wire culture, and we’re excited to be working alongside them.

About Telarus

Telarus delivers business grade solutions to the Australian and New Zealand SME and Enterprise markets. Employing 25 staff in Melbourne and servicing over 300 business customers, Telarus delivers managed network, managed security and private cloud solutions. Telarus has a strong customer service focus with clients such as Cue Clothing Group, Zagame Automotive Group, Foodworks, and Swatch Group. For more information visit www.telarus.com.au.

Additional information on the agreement can be found in Over the Wire’s announcement to the ASX.

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Established in 2002, Telarus delivers business grade telecommunications solutions to Australian and New Zealand SME and Enterprise customers. Telarus has experienced high levels of customer retention and is headquartered in the Melbourne CBD.

With FY16 revenue of $11.6m, FY16 EBITDA of $1.5m, 25 employees and more than 300 business customers, Telarus will accelerate Over the Wire’s geographic expansion into Victoria.

Additional information on Telarus and the agreement can be found in Over the Wire’s announcement to the ASX.

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