M&A Deal Summary

Inabox Group Acquires Hostworks Pty

On February 3, 2017, Inabox Group acquired internet software and services company Hostworks Pty from BAI Communications for 7M USD

Acquisition Highlights
  • This is Inabox Group’s 1st transaction in the Internet Software and Services sector.
  • This is Inabox Group’s 2nd largest (disclosed) transaction.
  • This is Inabox Group’s 3rd transaction in Australia.

M&A Deal Summary
Date 2017-02-03
Target Hostworks Pty
Sector Internet Software and Services
Buyer(s) Inabox Group
Sellers(s) BAI Communications
Deal Type Divestiture
Deal Value 7M USD

Target

Hostworks Pty

Sydney, Australia
Hostworks Pty Ltd. is a provider of managed hosting and operations in public and hybrid clouds, digital consulting and application development.

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Buyer(S) 1

Buyer

Inabox Group

Sydney, Australia
Category Company
Founded 2003
Sector Information Technology
Revenue 88M AUD (2016)
DESCRIPTION

Inabox Group Ltd. is a provider of of IT and telecommunications products, services and support including, next generation NBN, Business Ethernet, IP voice services, fixed voice, mobile, connectivity, cloud, managed IT services, and hosted collaboration, Network as a Service (NaaS) and Infrastructure as a Service (IAAS) services. Inabox Group Ltd. was founded in 2003 and is based in Sydney, Australia.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 3 of 4
Year (2017) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-05 Anittel Pty

Sydney, Australia

Anittel Pty Ltd. is a provider of telecommunication solutions and managed information technology services.

Buy AU$10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Logic Communications

Malaga, Australia

Logic Communications is a managed IT and cloud services provider.

Buy $2M

Seller(S) 1

SELLER

BAI Communications

Chatswood, Australia
Category Company
Sector Communications
DESCRIPTION

BAI Communications designs, builds and operates highly available communications networks – broadcast, radio, cellular, Wi-Fi – for our customers across the globe.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 inMOTION Wireless

Boston, Massachusetts, United States

inMOTION Wireless, Inc. is a designer, builder, owns and operates wireless infrastructure, Wi-Fi, and fiber technology solutions to enable robust Wi-Fi and telecommunications services for Boston rail and ferry commuters. inMOTION Wireless was formed in 2009 and is based in Boston, Massachusetts.

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