Spirit Telecom: Buys Trident and Neptune for $6.9M

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Spirit Telecom: Buys Trident and Neptune for $6.9M

Spirit Telecom: Buys Trident and Neptune for $6.9M

  • Spirit Telecom (ST1) has bought Trident Business Group and Neptune Managed Services for $6.9 million
  • The company says this is the largest and most strategically critical purchase it has made to date
  • The purchase also will see the company launch its new business unit, Trident IT Solutions
  • Then the new company will focus on delivering cloud-based IT and internet solutions for schools, hospitals, aged care facilities
  • With its TBG and Cloud-Based Technology purchase in January, Spirit said will have a combined turnover run rate of approximately $60M
  • Shares in spirit closed 16.7 per cent up today, worth 21 cents each