Comms Group buys up Binary Networks for $1.8M
Expands footprint into SME sector.
Peter McGrath (Comms Group)
Credit: Supplied
Comms Group has made a foray into the small- to-medium-sized business (SMB) market with the acquisition of Melbourne-based communications service provider Binary Networks.
The $1.8 million deal will see Binary founder Michael Diamond join Comms Group as head of systems and M&A systems integration, through which he will assist with future acquisitions.
According to publicly listed cloud communications provider Comms Group, Binary delivers Layer-2 data network roll-out to the group, with key points of presence in Sydney, Melbourne and Brisbane.
With a particular focus on SMBs, Binary’s purchase is said to further enhance Comms Group's strategy in cementing its footprint in that space, plus delivering its NBN solutions.