TPG to acquire IntraPower

TPG executive chairman, David Teoh, said in the same statement that the acquisition was a major step in the company's plans to wide it s range of solutions to its business, corporate and government clients.

"Following the expansion of its nationwide high-speed telecommunications infrastructure through the acquisition of PIPE Network last year, TPG's product set will be furthermore enhanced by the addition of IntraPower's TrustedCloud offering," he said.

The TPG' Group's network

"The TPG' Group's network and data centre services at the same time with IntraPower's proven capability will enable TPG on the spur of the moment to meet the emerging demand from clients for the benefits that can be obtained from Cloud Computing."

Teoh as well noted the costs synergies likely to stem from the integration of the two companies' network and data centres.

The two outfits will attempt to lure the IT operations of major Australian companies and the government sector to the Cloud via the combination of IntraPower's Trusted Cloud computing platform and UXC Connect's project, IT and service management capabilities.

The company

The company, which has around 2000 clients in the business and government sectors, said its forecast compares to a 1H10 EBITDA of $483,000.

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