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Over the Wire ranks 27 in the SmartCompany Smart50 Awards

Over the Wire ranks 27 in the SmartCompany Smart50 Awards The awards season keeps on giving for Over the Wire, who were ranked 27 last night in the 2018 SmartCompany Smart50 awards. The 2018 Smart50 Awards showcase Australia’s fastest growing small to medium sized businesses from 2017-2018.


Managing Director Michael Omeros said, “Being recognised in the Smart 50 wraps up a very successful awards season for Over the Wire after having been recently recognised in the Financial Review Fast 100, Deloitte Tech Fast 50, CRN Fast 50 and the Forbes Asia 200 Best under a Billion. I am very proud of our achievements and these awards are a reflection of our amazing and dedicated staff, as well as our customers who continue to support us.”


OTW Wins Awards in CRN and Deloitte Ceremonies

Over the Wire wins Deloitte and CRN awards Over the Wire are the proud recipients of awards from both CRN and Deloitte ceremonies last night. Ranking in at 36 in the CRN Fast 50 2018 and 40 in the Deloitte Technology Fast 50 2018, both up several ranks from last year. However, it was ranking 7 in the Deloitte Technology Fast 50 Leadership Awards that really stole the show for Over the Wire.


These awards recognise Australian IT and technology companies that are achieving remarkable growth. Over the Wire are honoured to be ranked again and higher from previous years, recognising the success of our hard work.


This has been a successful awards season for Over the Wire, also ranking in the 2018 AFR Financial Review Fast 100 list and Forbes Asia’s 200 Best Under a Billion 2018.


Access Digital Networks and Comlinx join the OTW family

Access Digital Networks and Comlinx join the Over the Wire family Over the Wire Holdings has completed the acquisition of Access Digital Networks Pty Ltd and Comlinx Pty Ltd, welcoming the team members of both companies into the Over the Wire family. Commenting on the acquisitions, Managing Director Michael Omeros said,

“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.


OTW #69 in Financial Review Fast 100 - 2018

Financial Review Fast 100 - Over the Wire ranked 69 The Australian Financial Review has released the Financial Review Fast 100 list for 2018, comprising of Australian businesses that have shown consistent, high growth over time. The rankings were calculated on a 3-year average of year-on-year growth percentage.

In the FY16 - FY18 period Over the Wire achieved an average year-on-year growth of 49.2%, which placed us at Rank 69 on the Fast 100 list. This is the second year in a row that Over the Wire has made the list published by AFR, ranking 74th in 2017.

Thank you for the fantastic, ongoing support from our clients and the amazing commitment from our team; we could not have achieved this result without you.


Acquisition of Access Digital Networks and Comlinx

Over the Wire Holdings Limited (OTW) (ASX:OTW) is pleased to announce that it has entered into binding agreements to acquire:

  • 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.

Access Digital Networks joining OTW group Comlinx joining OTW group

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.

OTW wins Deloitte and CRN awards

Over the Wire wins Deloitte and CRN awards In a gala event last night, Over the Wire was recognised on the CRN Fast50 list. Joining a host of other fast-moving IT firms being honoured at the gala dinner, Over the Wire placed 40th. Congratulations to all the companies on this list, and particular mention to RIoT Solutions for taking out the top spot.


Managing Director Michael Omeros said, "These awards are recognition of the hard work and dedication from our staff, as well as our customers who continue to support us over the years. As a company with one of the highest revenues on the list, I am very proud of our achievements as the challenge of qualifying for these awards based on percentage growth increases substantially."


This is the second award for Over the Wire in as many days, being recognised by Deloitte in their Tech Fast 50 list. These awards add to a busy month of November for the company, which also included the acquisition of VPN Solutions, re-branding as Mo-ver the Wire in support of the Movember Foundation, as well as also being recognised by the Australian Financial Review in their Fast 100 awards.


OTW #74 in Financial Review Fast 100 - 2017

Financial Review Fast 100 - Over the Wire ranked 74 The Australian Financial Review has released the Financial Review Fast 100 list for 2017, comprising of Australian businesses that have shown consistent, high growth over time. The rankings were calculated on a 3-year average of year-on-year growth percentage.

In the FY15 - FY17 period Over the Wire achieved an average year-on-year growth of 37.1%, which placed us at Rank 74 on the Fast 100 list. We’re very pleased with this outcome, and could not have achieved it without the amazing commitment from our team and the fantastic ongoing support from our clients - thank you!

Topping the list this year, with a staggering 464.8% average year-on-year growth over the 3-year period, is TripADeal. Congratulations to founders Norm Black and Richard Johnston, along with all of the other Fast 100 companies.


VPN Solutions joins the Over the Wire family

VPN Solutions - An Over the Wire Company The completion of the acquisition of VPN Solutions Pty Ltd by Over the Wire Holdings Limited (ASX:OTW) has taken place today, on 1 November 2017. Commenting on the acquisition, Managing Director Michael Omeros said,

“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.

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.

Telarus joins the Over the Wire family

Telarus to be acquired by Over the WireWe are pleased to announce that acquisition of Telarus Pty Ltd has been completed for a total consideration of $7.615m, effective 16 January 2017.

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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