AC3 Gets Green Light to Buy Bulletproof

Posted: 18 May 2018
Simon Xistouris and Harry Kassianou

Today, AC3 received almost unanimous shareholder support to acquire Bulletproof (ASX: BPF).

The results of the shareholder vote were announced today with 98% of voting shareholders in support of the offer. The deal will bring significant benefits to both AC3 and Bulletproof customers.

AC3 CEO, Simon Xistouris has said “we’re always looking for opportunities to acquire complementary businesses as this is key to our growth strategy. Bulletproof fit the brief and we’re excited about the acquisition.

Each business has their own unique value proposition. AC3, is well known for providing private cloud and associated managed services, project services, procurement and talent management, specifically to NSW Government. Bulletproof is recognised nationally for providing mission critical public cloud services. We’re looking forward to bringing the best of both businesses together to create what we believe to be Australia’s leader in Hybrid Cloud Solutions.”

AC3 are most widely recognised for their leading position as a managed service provider to the NSW Government, currently working with over half of the agencies in the state. AC3 also have a strong presence in the commercial market in NSW and the acquisition will help expand that footprint nationally and in New Zealand.

Combined, the businesses will employ over 330 people and service over 1000 unique customers. Xistouris believes that “our people are our most important asset. We believe that it’s the people behind the technology that make the difference for our customers. The acquisition means that we’ll have a much larger pool of talent and expertise that our customers can leverage. From an internal perspective, the opportunity to share knowledge and provide internal growth for our talented team members across both business has just doubled. That alone is really exciting for us.”

The acquisition demonstrates AC3’s continued commitment to growth and innovation. Finally, Xistouris said “we’re excited at the future possibilities and potential that this deal brings to both our business and our customers”.

For more information, please contact Stephanie Challinor, Head of Marketing & Communications at AC3 at stephanie.challinor@ac3.com.au.