Spirit Technology Solutions
 | |
| Spirit Technology Solutions Ltd. | |
Formerly | Spirit Telecom Limited |
| Public company | |
| Traded as | ST1 |
| ISIN | AU000000ST15 |
| Industry | Information Technology and Telecommunication |
| Founded | 2005 in Melbourne |
| Founder |
|
| Headquarters | South Melbourne, Victoria |
Number of locations | 11 |
Area served | Australia |
Key people |
|
| Revenue | $138,732,000 |
| $55,041,000 | |
| $53,166,000 | |
| Total equity | $59,418,000 |
| Subsidiaries |
|
| Website | spirit |
Spirit Technology Solutions is an Australian information technology and telecommunications company that offers IT solutions to businesses by creating a secure and modern digital workspace.[1] The company is listed on the Australian Stock Exchange as ST1[2] and is a leader in the business technology space.[3][4]
The main services offered by the company include managed IT services, telecommunication services, cloud services, and cybersecurity services to small and medium-sized businesses.[5]
History
Spirit Technology Solutions was founded in 2005, by Geoff Neate and Joe Tigal, headquartered in South Melbourne, Victoria, Australia. The company provides cybersecurity services, managed print and WiFi services, IT support services, personal and business internet, unified communications, and work from home services. The company was formerly known as Spirit Telecom Limited, which was later changed in October 2020 to Spirit Technology Solutions Ltd.[6]
In 2012, Spirit acquired Melbourne-based ISP Voxcom to expand its layer-2 network. In 2015, the company acquired My Telecom, which resulted in network consolidation and gaining operational leverage.[7]
On June 27, 2016, Spirit was listed on the Australian Stock Exchange as ST1 through an RTO of Arunta Resources after reaching $2 million in subscriptions. Spirit raised $2.62 million by selling 131 million additional shares at $0.02 each, giving it a market capitalization of $16.7 million.[8][9]
In 2017, Spirit acquired Phone Names and World Without Wires.
In 2018, Spirit secured a $1.7 million deal with Victoria's state government to provide internet to Horsham.[10][11] The company’s network speed was improved to 1 Gbps spanning Horsham, Swan Hill, Rupanyup, Warracknabeal, and parts of South Australia.[12]
In 2019, Spirit acquired four companies including Phoenix Austec,[13] LinkOne, Building Connect, and Arinda IT, thereby leading the way for the company’s expansion into the managed service provider sector.
In January 2020, Spirit acquired Sydney-based Cloud BT.
In February 2020, Spirit acquired The Bentley Group (Trident Business group and Neptune Managed Services) for $6.9 million. The acquisition allowed the company to launch its business unit, Trident IT Solutions that provides cloud-based IT and internet solutions for schools, hospitals and aged care facilities.
In May 2020, the company completed a $9.2 million placement to fund its triple acquisition valued at $10.4 million and expand its telco digital sales platform Spirit X. Companies acquired are Reliance IT, Altitude IT and Beachhead Group,[14] and were named Spirit Solution Partners, now part of Spirit’s wholesale division of the MSP sector.[15]
In June 2020, Spirit acquired Queensland-based IT and communications company VPD Group.[16]
In October 2020, during the annual general meeting, the company was rebranded to “Spirit Technology Solutions Ltd.” by its then managing director Sol Lukatsky.[17]
In the year 2021, Spirit carried out notable acquisitions by acquiring Brisbane-based security services firm Intalock and Sydney-based telco gear company Nexgen for $15 million and $50 million respectively.[18] The acquisition increased the company's market share in corporate and government markets and cross-sold cloud, data, and voice security services and brought in more than 5500 new B2B customers and 100 sales employees.[19]
On July 11, 2022, Julian Challingsworth was appointed as CEO and Managing Director for Spirit Technology Solutions.
Products and Services
- Workspace
Spirit Technology Solutions specializes in designing secure digital workspaces, suitable for the client's individual business type and industry.
- Guardian
Through the Guardian, the company provides security and protection services through the application of cybersecurity solutions backed up by a 24*7 security system.
- Connect
The company provides businesses with the needed speed through enterprise-grade internet and networking solutions to ensure reliable network availability and connectivity.
- Meet
Through Meet, the company provides a way to connect and collaborate between employees inside the organization through video, voice, and chat solutions.
Awards
- Spirit Technology Solutions wins first Multi-Dwelling Unit (2011)
- The company has been the recipient of BRW Fast 100 for 2 consecutive years (2011, 2012)
- Spirit Technology Solutions has been named as Australia’s Fastest ISP (2015, 2016)
- Has been credited as Deloitte Fast 500 Winner (2017, 2018)
- Named as Melbourne’s fastest ISP (2018)
- Won CRN Fast 50 (2018)
- Credited as AFR Fast 100 List (2021)
- Listed on Deloitte Technology Fast 50 companies list (2022)
References
- ↑ "ST1.AU | Spirit Technology Solutions Ltd. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 20 October 2022.
- ↑ "ST1.AX - Spirit Technology Solutions Ltd | Stock Price & Latest News | Reuters". www.reuters.com. Retrieved 20 October 2022.
- ↑ "Spirit Technology Solutions Ltd - AnnualReports.com". www.annualreports.com. Retrieved 20 October 2022.
- ↑ "Spirit Technology". www.bloomberg.com. Retrieved 20 October 2022.
- ↑ "Media Release: Spirit Telecom Set To Re-List On The ASX After Successful Capital Raising". Bourse Communications. 24 June 2016. Retrieved 20 October 2022.
- ↑ "Spirit Telecom to float for $2.6 million". CRN Australia. Retrieved 20 October 2022.
- ↑ Jain, Riddhi; Jain, Riddhi (14 October 2020). "Spirit Telecom rechristened as Spirit Technology Solutions". iTMunch. Retrieved 20 October 2022.
- ↑ Gemmell, Rachel. "Spirit Telecom (ASX: ST1) Market Update July 2016". SME Business Daily Media. Retrieved 20 October 2022.
- ↑ "Spirit Technology shakes up board with Intalock CEO Julian Haber as executive director". CRN Australia. Retrieved 20 October 2022.
- ↑ "Victorian government awards Spirit Telecom $1.7 million to deliver internet to regional city Horsham". CRN Australia. Retrieved 20 October 2022.
- ↑ "Spirit completes $1.7M Victorian internet upgrade". www.arnnet.com.au. Retrieved 20 October 2022.
- ↑ "Spirit Telecom provides Horsham with fast internet". www.technologydecisions.com.au. Retrieved 20 October 2022.
- ↑ "Spirit Telecom buys IT consultants Phoenix Austec for $1.6M". The Market Herald. 23 July 2019. Retrieved 20 October 2022.
- ↑ "Spirit makes triple acquisition of Beachhead Group, Altitude IT and Reliance IT". www.arnnet.com.au. Retrieved 20 October 2022.
- ↑ "Spirit Technology Solutions Ltd, ST1:ASX profile - FT.com". markets.ft.com. Retrieved 20 October 2022.
- ↑ "Spirit Telecom acquires three NSW-based managed service providers". CRN Australia. Retrieved 20 October 2022.
- ↑ "Spirit Telecom rebrands to Spirit Technology Solutions". CRN Australia. Retrieved 20 October 2022.
- ↑ "Spirit Technology acquires security services firm Intalock for $15m". CRN Australia. Retrieved 20 October 2022.
- ↑ "Spirit Technology acquires Sydney-based telco gear company Nexgen". CRN Australia. Retrieved 20 October 2022.