Tech firms merge intoit $20m20 unit nit
Combined entity will retain all Hastings-based staff and offer expanded portfolio of cloud services
After a decade servicing its Hawke’s Bay customers, Hasting-based ICT consultant VO2 South has merged with cloud-based security expert The Instillery.
It’s part of a nationwide deal combining The Instillery and the whole VO2 group into a single technology group with combined revenues of more than $20 million.
VO2 executive director and former Xero chief operating officer Ross Jenkins said the merger would be an instrument for change within the ICT sector.
“The merged business will have a renewed focus on fanatical customer service and building trusted relationships with customers.
“These factors are fundamental to business success and haven’t changed in the 30 years I’ve been in the tech sector.”
Hastings-based VO2 South chief executive Rohan Bowyer, who continues as chief executive of The Instillery South, said the change in brand aligned with the direction customers had been pushing towards, and brought additional capabilities to its existing cloud services.
“We are truly excited about the potential for Hawke’s Bay, Manawatu and beyond, and this partnership helps provide a leap forward in our plans and strategy to be a leader in cloud thinking and delivery in the mid-market,” Bowyer said.
All existing 35 staff members in the Hastings-based office would remain in place.
“We remain fully locally owned and operated, with operations both here and in Manawatu.
“We fully expect to expand to employ more within the region, maintaining a focus on supporting and helping local customers compete on a global scale, and to increase the velocity of their business with effective accelerated use of cloud technologies.”
A range of new cloud services, including SD-WAN, multi-cloud and cloud security service lines, would be available to customers over the coming months. The Instillery founder Mike Jenkins, Ross’ son, said the merger would help unleash “new tech innovation”.
“As the market evolves and more companies recognise the undeniable benefits of all forms of cloud tech, we’ve worked hard on how we can best bring that to all of our current and new customers at scale,” Mike Jenkins said.
“Joining forces with the team at VO2 gives us solid experience and will offer clients a best-in-class offering wherever they are on their cloud journey.”
The new-look Instillery will count Fonterra, Auckland Council, Vector, Sanford, Powerco and TSB Bank among their enterprise clientele, along with a wide variety of midmarket customers that include Craggy Range and Bostock New Zealand.
The merger also creates a new technology solution group with more than 100 staff spread across offices in Auckland, Hamilton, Tauranga, New Plymouth, Hastings and Palmerston North.