Singapore: Netpluz Asia acquires assets from Si2i in $2m deal

Visual of Netpluz Asia homepage. January 2016.

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.

Also Read: India: Paytm inks pact with its largest investor Alibaba, to expand to global markets

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.

According to the chief scientist of the Asia-Pacific Network Information Centre (APNIC), Geoffrey Huston, 22 per cent of currently allocated IPv4 space is not actively used on the internet.

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EU competition chief to take harder look at ‘big data’ collected by Internet cos during merger probes

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.