Story image

Spenceley takes helm at combined Vocus-Amcom company

30 Jun 2015

Amcom Telecommunications chief executive Clive Stein has stepped down from his position following the acquisition of Amcom by Vocus Communications.

Vocus chief executive James Spenceley is now the chief executive and managing director of the combined company.

Tony Grist, Amcom chairman, says Stein ‘saw the compelling logic in pursuing the combination with Vocus very early’.

“It has now been more than six months since we announced the [proposed acquisition plan] and in that time Clive has worked with his management team to ensure a smooth transition could occur.”

Grist notes that when Stein was appointed as chief executive in 2007, Amcom had a market value of around $60 million.

“Over the past eight years, Clive has steered the company to a ten-fold increase in value, during a period of great change in our industry,” Grist says.

Last week the Federal Court of Australia approved the acquisition, which had been opposed early on by Amcom Shareholder TPG Telecom.

The deal had been approved by the majority of Amcom’s shareholders in a vote earlier in June.

TPG had tried to kill the deal by upping its stake in the company to a 19.9% blocking stake, however their attempts proved futile.

The deal creates a $1.2 billion communications provider. 

Zoom’s new Rooms and Meetings features
Zoom has released information about the upcoming releases for its Rooms and Meeting offerings for 2019.
Aussie company set to democratise direct-to-orbit IoT access
Adelaide-based Myriota has released a developer toolkit that has been trialled and tested by a smart waste management platform.
Apple's AirPods now come with 'Hey Siri' functionality
The new AirPods come with a standard case or a Wireless Charging Case that holds additional charges for more than 24 hours of listening time.
Dynatrace takes pole position in APM Magic Quadrant
It placed highest on Ability to Execute and furthest on Completeness of Vision in the 2019 Quadrant for Application Performance Monitoring (APM).
HCL and Xerox expand strategic partnership
Under the terms of the agreement, HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Avaya expands integration with Google Cloud AI
This includes embedding Google’s machine learning within conversation services for the contact centre, enabling integration of AI capabilities.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.
Poly appoints new A/NZ managing director, Andy Hurt
“We’re excited to be bringing together two established pioneers in audio and video technology to be moving forward and one business – Poly."