‘Frustrated’ Devoli founders look to offload shares

The Auckland offices of wholesale internet services provider Devoli. (Image: Supplied)

Wed, 07 Sep 2022

The founders of Devoli, an Auckland-based wholesale internet services provider (ISP), are looking to sell up most of their shares, a move that is causing some pushback from the Punakaiki Fund, which owns more than half of the company.Founded in 2008, Devoli has seen success in the telco market as it was built around the idea of network automation, a technology the large retail ISPs have increasingly been adopting.It is now offering its network automation services as a service and is working on expanding its presence in Australia.Lance Wiggs, di...

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