Singapore-based managed services provider Netpluz Asia is acquiring the business assets of Mediaring Network Services (MRNS) and Mediaring Communications (MRC) from publicly-listed Si2i, a telecom and IT service provider, for a consideration of S$3 million ($2.096 million).
Netpluz Asia will be purchasing the commercial assets of the brands while retail assets will remain with Si2i, which formerly operated under the Mediaring brand. According to Netpluz, the purchase will be spread out over four phases till mid-2017.
The Netpluz Asia management team were formerly executives with Mediaring in 2005, with the firm planning to establish a regional network with offices in Indonesia and Malaysia to support clients in those countries. The acquisition of Mediaring assets synchronises with its regional growth plans. Netpluz Asia is targeting annual revenues of S$10 million (US$6.99 million) for 2017.
Mediaring was set up in 1994 and conducted its initial public offering and listing on the Singapore bourse in 1999. By 2000, it was a full-stack service provider of voice, data and computing services with VoIP technology. The acquisition will enhance Netpluz’ pool of small-business customers, in addition to targeting medium-sized firms with five to 200 users, according to the corporation.
Netpluz Asia aims to inject new systems and technologies, expanding their offerings to include services like cloud computing, IP Private Branch Exchange (IP-PBX) and data analytics to corporate customers with the acquisition of MRNS and MRC.
In addition, Netpluz plans to enhance services offered to MRNS and MRC’s 2000 customers, as well as leveraging on the ownership of what they described as a ‘significant number’ of Internet Protocol Version 4 addresses. It is a valuable asset, due to routing most contemporary Internet traffic, despite an ongoing global infrastructure upgrade to IPv6.
The UK government has started selling its stockpile of IPv4 addresses, with a trade in IPv4 addresses generating profits for those holding them in reserve. This scenario was predicted several years prior but insufficiently dealt with by the concerted migration to the newer IPv6 protocol, which holds a larger numbering space.
This shortage, compounded by the growth in Internet-connected devices and smartphones, has led to a market for second-hand IPv4 addresses, This has led brokers proffering their services at internet registry and network operator conferences, functioning as intermediaries who are attempting to smooth out the relatively complex process of transferring address blocks.