logo
Intelligence
Monitoring
Tools
logo
Intelligence
Monitoring
Tools

Thinkon Acquires A Division Of Probax To Expand Its Data Centre Footprint In Australia And North America

Aug 09, 2023•over 2 years ago

Acquiring Company

ThinkOn

Acquired Company

Probax

Data CenterInformation Technology

Description

ThinkOn, a Channel-First cloud solution provider (CSP) with a global data centre footprint, has purchased the client base and related assets and services from Probax. The deal divests Probax of its backup and disaster recovery-related storage, freeing it to pivot its business to focus on its innovative software offerings, while ThinkOn gains its infrastructure, partner base, and a team of specialists to help accelerate its 24/7 follow-the-sun technical support.

Company Information

Company

ThinkOn

About

ThinkOn is a cloud solution and managed infrastructure services provider with a global data centre footprint, focused on empowering you to do whatever you need to do with your data. Consider ThinkOn your dedicated department of data-obsessed experts. They will protect your customer’s data like it’s their own, making it more resilient, secure, actionable, and searchable. ThinkOn is Channel-First and works with a global network of value-add resellers and managed service providers to provide creative, turnkey Infrastructure-as-a-Service (IaaS), DRaaS (Disaster Recovery-as-a-Service), and BaaS (Backup-as-a-Service) solutions and data management services that are fast, flexible, scalable, highly secure, and cost-effective—with predictable pricing and no hidden fees. https://thinkon.com Follow ThinkOn on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed