Inabox buys Hostworks for $7 million

Managed IT and cloud communications company, Inabox Group Limited (ASX:IAB), has bought Hostworks Group from BAI Communications, in a move aimed at strengthening its cloud offering.

The $7 million purchase of the digital media solutions business, sees Inabox yield strategic business synergies and cross-selling opportunities as the company gains access to Hostworks’ large enterprise customers such as Seek, Carsales, Ticketek, Foxtel, AHL and Seven Media.

Additionally, the deal will see Inabox leverage Hostworks’ cloud infrastructure along with its existing relationships with key vendors, spanning AWS, Microsoft Azure, IBM Softlayer and Google Cloud Platform.

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