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M&A Deal Summary

Telstra Acquires Cloud9

On December 16, 2014, Telstra acquired internet software and services company Cloud9

Acquisition Highlights
  • This is Telstra’s 1st transaction in the Internet Software and Services sector.
  • This is Telstra’s 4th transaction in Australia.

M&A Deal Summary
Date 2014-12-16
Target Cloud9
Sector Internet Software and Services
Buyer(s) Telstra
Deal Type Add-on Acquisition

Target

Cloud9

Australia
Cloud9 is an eHealth cloud software developer. Cloud9 is known for its class cloud technology health information exchange platforms (HIE) Spine and Synchronicity and cloud based GP software program, Clarity, currently used by more than 2,000 GP’s.

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Buyer(S) 1

Buyer

Telstra

Sydney, Australia
Category Company
Founded 1901
Sector Communications
Revenue 22.5B AUD (2024)
DESCRIPTION

Telstra provides telecommunications and information products and services through its Australian and offshore operations. TLS has a wide range of businesses namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international. Telstra was founded in 1901 and is based in Sydney, Australia.

DEAL STATS #
Overall 8 of 18
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 6 of 14
Country (Australia) 4 of 10
Year (2014) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 IdeaObject Software Pvt.

Chennai, India

IdeaObject Software Pvt. Ltd. is a health software developer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 Pacnet

Hong Kong, China

Pacnet is a provider of connectivity, managed services and data centre services to carriers, multinational corporations and governments in the Asia-Pacific region.

Buy $697M
Mergr

Product

Company

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