Telecom pays $17M for Appserv to widen cloud offering to smaller businesses

Tue, 17 Jun 2014

By Tina Morrison June 18 (BusinessDesk) - Telecom Corp., New Zealand's largest telecommunications company, agreed to pay $17 million for cloud services specialist Appserv, widening the services it can offer to businesses after purchasing Revera last year. "Revera is a cloud computing specialist that provides cloud solutions predominantly for government and corporates, while Appserv brings specialist cloud desktop-as-a-service solutions for a range of business sizes, particularly small to medium sized," Telecom chief executive Simon Moutte...

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