CANBERA (dpa-AFX) - Telstra said that it plans to acquire technology
consultancy Versent for A$267.5 million.

The acquisition also includes Stax, a subsidiary of Versent that provides a
self-serve cloud management platform for enterprise and mid-market customers
which enables them to design, build and run their own cloud.

Completion is expected to occur within the next six weeks and is subject to
various conditions being met, including certain securityholder processes.

Versent reported A$130 million net revenue in fiscal year 2023, representing a
strong 17 percent CAGR between fiscal year 2020-2023. Its team of more than 500
experts work with over 40 per cent of the ASX 100 to transform their businesses
through cloud technology, offering both professional and managed services, and
key partnerships with AWS, Microsoft and leading security and data vendors.



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