Nexon Asia Pacific announced that it will be acquiring an Australian cloud and managed IT services provider, GCOMM. Queensland-based GCOMM provides its clients with cutting-edge technology solutions in the field of security, telephony and cloud. The acquisition of GCOMM’s clients, network infrastructure and engineering staff will help in boosting Sydney-headquartered Nexon’s position in Perth, Darwin and the Gold Coast.
The IT market in Australia is expected to experience a hike in 2020, according to Gartner’s latest predictions. In 2020, the research company expects total spendings on IT services and products to increase by 5.7% from 2019, which will be around $99.63 billion. By 2021, Gartner expects the industry spendings to increase by 3.5% to $103.17 billion .
About GCOMM – A Managed IT Services Provider
Found in 1996, GCOMM is an Australian IT and cloud services provider. Over the years, GCOMM has broadened its network by partnering with reputed technology vendors that enable them to help their clients transform their business. The company is a part of professional partner programs with Cisco, VMware, Microsoft, Hitachi, Commvault, Veeam, Fortinet, Equinix and Hewlett Packard Enterprise.
GCOMM offers its services via direct and wholesale channels. Pizza Hut, First Advantage, Port of Brisbane, Sunland Group, Feros Care, Walker, Steadfast, Dy-Mark, Social Futures, Community Housing and Ignite Energy are some of the companies GCOMM has served.
The company built its client-base, infrastructure and team of talented engineers from the ground up and Nexon plans to use it in the expansion of its service portfolio to Perth, Darwin and Gold Coast through the acquisition.
Details of the Nexon-GCOMM acquisition
The acquisition will help expand Nexon APAC’s geographical presence and footprint through which it will offer its services to new customers across Australia. To support its accelerated-growth strategy, Nexon will expand GCOMM’s wholesale partner program in the country. It will also add more services to its offering, such as voice-enabled Microsoft 365 and SD-WAN for its wholesale customers.
Peter Thompson, CEO of GCOMM, said they are excited to team up with Nexon. He adds that Nexon brings operational and strategic depth to GCOMM along with an opportunity to take customer engagement to the next level. Barry Assaf, Chief Executive of Nexon, believes GCOMM to be an innovative business with high employee and customer tenure. He says this acquisition will strengthen Nexon’s position, offerings and current capabilities.
Nexon is a cloud and managed service provider that helps clients in running their businesses more efficiently. Established in 2000, Nexon is a trusted tech partner for government agencies, mid-market enterprises and not-for-profit organizations across the APAC region and Australia. Earlier in 2020, Nexon also acquired Reimagine, XCentral and the tech services division of Kiandra IT to grow its business and offer its client base robust managed IT, security and cloud solutions.
 Gartner (2019) “Gartner Forecasts Australian Banking and Securities IT Spending to Grow 5.2% in 2020” [Online] Available from: gartner.com/en/newsroom/press-releases/2019-10-28-gartner-forecasts-australian-banking-and-securities-i [Accessed July 2020]
For more updates and latest tech news, keep reading iTMunch