MyNetFone picks up iBoss platform
- 10 July, 2014 16:04
VoIP provider MyNetFone will pay to $1.4 million to pick up iBoss, the billing and provisioning platform of defunct wholesaler ispONE.
"The acquisition of iBoss will provide enormous benefits to MyNetFone, even though the size of this transaction is relatively immaterial," MyNetFone CEO Rene Sugo said in a statement.
The platform "is complementary to, but also adds a completely new capability to the MNF business which we believe can be significantly built upon well into the future," the CEO said.
"There are around 750 small CSPs in the Australian market, of which about 150 are already our customers. This acquisition allows us to enhance our offering to this customer base by bundling mobile, landline, DSL and NBN into one offering, alongside the existing VoIP service.
"It also offers us the opportunity to attract a broader range of customers looking to resell a full suite of telecommunications products."
The deal is due to be completed later this month.
MyNetFone estimates the acquisition will "contribute approximately $250,000 to the company’s EBITDA in the 2014/15 financial year," a statement from the VoIP provider said.
ispONE went into voluntary administration last year after a dispute with Telstra Wholesale, with fallout from the implosion continuing this year. Vocus has picked up many of the company's former customers after CONEC2, which had snapped up ispONE's "core assets", itself went into administration.
MyNetFone has undertaken a string of acquisitions in recent years.
The company picked up CallStream for $600,000 and Connexus for $4.75 million in November 2012, followed by GoTalk in December 2012 for $1.4 million. It acquired the assets of PennyTel in October last year after the company went into liquidation.
In a recent interview with Computerworld Sugo said that GoTalk and CallStream have been fully integrated, while Connexus should be finished shortly. PenntyTel was around 50 per cent integrated, the CEO said.
"The goal is really between six to 12 months to finish an integration, and we can have maybe two or three integration projects going at once – that's our capabilities at the moment," Sugo told Computerworld.
"What we're looking for is communications businesses that fit our capabilities so that we can bring them onto our network. So we're looking for people that are either offering over-the-top services or services that can be ported into our network because they are some of our key assets – our network and our software capabilities.
"We've constantly got a bit of a funnel of opportunities we're looking at, but if they don't fit then we'll walk away.
"We're not just going to buy anything that has telco written on it; we don't have DSLAMS, we don't have data infrastructure, and we're not a big reseller of Telstra and Optus. So we're looking for people that have over-the-top applications, or lots of voice traffic or lots of stuff that fits into our network."