Telstra services arm Kaz has divested its interest in Perth-based Fundi Software via a management buyout.
KAZ first acquired Fundi in 2000. It then went on to integrate the IT services division of the business into KAZ, leaving the software development side as Fundi Software.
Kaz CEO Mike Foster said in a statement that despite its profitability, Fundi Software no longer fitted Kaz’s strategy of delivering ICT and IP services via the Telstra network.
KAZ would howver continue to maintain good relationships with Fundi and provide ongoing IT support, he said.
Fundi Software is best known for its enterprise systems software, while Fundi -as part of Kaz - specialises in enterprise infrastructure management.
Kaz divests itself of Fundi Software
By
Staff Writers
on May 2, 2006 11:28AM
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
How Expert Support Can Help Partners and SMBs Realize the Full Value of AI
.jpg&h=142&w=230&c=1&s=1)
New Microsoft CSP rules? Here’s how MSPs can stay ahead with Ingram Micro
MSPs with a robust data protection strategy will achieve market success
Shared Intelligence is the Real Competitive Edge Partners Enjoy with Crayon
Beyond the box: How Crayon Is Redefining Distribution for the Next Era
.jpg&w=100&c=1&s=0)
_(8).jpg&w=100&c=1&s=0)
