Destra Acquires Veritel’s DSL Customers

Techex Communications, a communication services organisation with complete end-to-end managed services and a wholly owned division of destra Corporation Limited (www.destra.com) has acquired all of Veritel Australia's broadband DSL customers.

Domenic Carosa, destra Corporation's CEO, said," Today, there are few companies that have the breadth of communications and online services we are taking to the market directly as well as through our family of resellers."

destra's strategy to offer a one stop shop business communications solution was made more compelling with the acquisition of Techex in October. Techex delivers high quality broadband, wireless, voice, managed services, VPNs and related products to businesses, education and government departments nationally.

Techex, along with other destra divisions, will undergo a re-branding in 2005, at the same time as the company launches new market initiatives.

The Veritel purchase was made using operating cashflow and will bring an additional $500,000 in revenue to destra Corporation, adding immediate profitability to bottom line.

The additional 350 business broadband customers strengthens the customer base and offers upsell opportunities for destra's other business offerings which include shared hosting for SMEs, high end web hosting services for larger customers and comprehensive domain registration services.