Fixed wireless provider BigAir Group’s revenue has jumped $21 million, or 50 percent, to $62.7 million following two massive years of acquisitions to expand cloud managed services.
The company’s cloud business sales blew up 170 percent to $28 million. It now accounts for 45 percent of BigAir’s sales, taking over fixed wireless (38 percent) and community broadband (17 percent).
Underlying net profit also grew 34 percent to $8.5 million
BigAir chief executive Jason Ashton said the success of its cloud business came from the acquisitions Oriel for an estimated $15 million last year, as well as Intelligent IP Communications for $10 million and Anittel Communications for $6.5 million in 2013. BigAir also acquired managed services provider Applaud IT for $1.2 million last month,
“The financial year just ended marked the end of a two-year period of significant transformation for BigAir Group,” said Ashton.
“Through the acquisitions of Oriel and more recently Applaud IT, we have successfully transitioned BigAir into an integrated telecommunications and trusted managed services provider.”
Oriel contributed $9 million in revenue in the second half of the financial year, with BigAir investing in national private cloud infrastructure to support cross-selling.
BigAir is consolidating the combined teams in its new St Leonards headquarters, with Oriel having moved out of its long-held HQ in Lane Cove, Sydney.
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