Perth's Zettagrid buys Adisyn's VMware cloud assets for up to $1.4M

Perth-headquartered Adisyn has acquired the VMware cloud assets of ASX-listed data protection firm Adisyn for up to $1.4 million.

The acquisition is payable in two tranches. The first tranche of $850,000 was paid on 1 May 2024. The second tranche of $550,000 will be payable in nine months time and is subject to various adjustments determined by the annualised revenue of the VMware customers at the completion date.

Zettagrid said Adisyn, formerly known as DC Two, has a unique cloud footprint in the Northern Territory capital of Darwin which will be upgraded and transformed to become Zettagrid’s sixth Australian availability zone.

The company said it and Adisyn use similar technologies including VMware, Microsoft, Veeam and Wasabi which will simplify the migration of customer services to the Zettagrid platform.

At the conclusion of the migration, Adisyn customers will have access to Zettagrid’s self-service cloud portal and automation.

“I'm very pleased to be able to announce the acquisition of Adisyn’s VMware cloud infrastructure," Zettagrid’s CEO Nathan Harman said. 

"Adisyn customers will be able to experience the benefits of the scale and cloud automation that Zettagrid provides, and the transaction provides us with a new cloud availability zone in Darwin. This will expand our sovereign Australian cloud availability zones to six, which encompasses Sydney, Melbourne, Brisbane, Perth, Adelaide and now Darwin."

"We're also excited to enter into a strategic partnership with Adisyn, which will allow them to focus on their Managed IT and Cybersecurity services whilst being able to leverage Zettagrid cloud infrastructure.”

The transaction is the ninth acquisition of cloud and networking assets that Zettagrid has completed since commencing business in 2010, which it said has helped spur its "significant growth" in Asia Pacific.

“I’m excited for Adisyn to be partnering with Zettagrid, who are one of the few premier providers of VMware sovereign cloud services in Australia," Adisyn’s managing director Blake Burton said.

"This sale and partnership allow us to focus our attention on building service-based solutions for defence-linked SME businesses, while still being able to utilise the cloud infrastructure scale which Zettagrid has built over a number of years. Zettagrid are a national cloud provider in Australia, allowing Adisyn to provide local cloud services in almost every state as part of our sovereign IT offering.”