<article>Australian telecoms major <a href="http://dealstreetasia.com/tag/telstra" target="_blank" rel="noopener">Telstra</a> has acquired VMtech, a Sydney-based managed services provider for an undisclosed sum.</article>

Australian telecoms major <a href="http://dealstreetasia.com/tag/telstra" target="_blank" rel="noopener">Telstra</a> has acquired VMtech, a Sydney-based managed services provider for an undisclosed sum.
Christopher Smith, Telstra’s Executive Director of Business Technology Services (BTS), said the acquisition was aligned with Telstra’s strategy to accelerate the growth of its Network Applications and Services business in Australia and internationally.
Incepted in 2009, VMtech maintains a workforce of around 75 and provides services to Australian business and government customers such as Coca-Cola, Komatsu, ME Bank, Mission Australia and Sydney’s Inner West Council. 
“As organisations digitise their business they are increasingly moving from a basic cloud-first model to best-fit solutions that often involve a secure hybrid cloud approach. As a result, customers are looking to us to provide hybrid solutions for their network, security and cloud infrastructure, as well as support with defining, architecting, implementing and managing these solutions,” said Smith in a statement. 
The International Data Corporation (IDC) estimates that worldwide public cloud services market grew 28.6 per cent year over year in H1 2017, with revenues totalling $63.2 billion. Public cloud adoption is accelerating, with enterprises recognising that cloud computing has emerged as the launchpad for IT innovations that include AI, blockchain, quantum computing and others.
The Indo-Asia Pacific saw the highest regional growth at 38.9 per cent and represents 11.5 per cent of all public cloud services revenues, driven by strong public cloud spending in China, which saw 55.6 per cent year-over-year growth in 1H17.
According to Smith, Telstra’s multi-cloud strategy is to &#8220;provide customers with integrated hybrid cloud solutions and managed services through unified platforms across cloud and on-premise infrastructure and applications&#8221;.
In a release, VMtech Co-Founder and CEO Len Findlay stated that the acquisition was complementary in nature and would enable VMtech to access Telstra&#8217;s network and sales channels to offer its services to a broader international and domestic market. 
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Australian telecoms operator Telstra has acquired Sydney-based cloud services vendor VMtech for an undisclosed sum.

Australia: Telstra acquires Sydney-based cloud services vendor VMtech

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Australia: Telstra acquires Sydney-based cloud services vendor VMtech

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