Over the Wire Holdings Acquisition of Digital Sense Hosting
McCullough Robertson is advising long-term client, Over the Wire Holdings Limited (ASX: OTW) (OTW), on its strategic $27 million acquisition of Digital Sense Hosting Pty Ltd. OTW are funding this acquisition through a $20 million placement of 5 million shares to institutional and sophisticated investors, of which McCullough Robertson also advised on.
This follows OTW’s recent $36 million acquisition of the Australian and New Zealand voice businesses of J2 Global Inc, which completed in September 2020 (see more information here).
The deal will accelerate OTW’s growth in the provision of cloud solutions, and its capability in the areas of Infrastructure as a Service (IaaS), Desktop as a Service (DaaS), Storage as a Service (STaaS) and Data Protection as a Service (DPaaS).
Lead Partner, Reece Walker, comments ‘it is great to be assisting OTW throughout this incredibly transformative period. We look forward to continuing to support OTW as it goes from strength to strength’
To read OTW’s announcement, please click here.