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Atturra Addresses Rumours Of Major New Zealand Acquisition

Atturra, one of Australia’s most rapidly growing and M&A active IT services providers confirms that it is in talks to take a big step into New Zealand.

Written By: Matthew Sainsbury

Oct 16, 2024

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Atturra, one of Australia’s leading advisory and technology solutions providers, has been on an aggressive acquisition spree over the past two years. It has now confirmed that it is in talks to acquire Aotearoa New Zealand’s Plan B from The Growth Fund, but these talks are, to date, “incomplete.”

Plan B would be a major acquisition for Atturra, which had been largely focused on the Australian market previously. Plan B’s assets and services are broad, and include local data centres, hybrid cloud capabilities, managed WAN services, backup & data protection, and voice services. It operates in three locations across New Zealand (Auckland, Wellington and Christchurch) and while it doesn’t list headcount, its LinkedIn Profile shows “between 51 and 200 people.”

Speculation in one of Australia’s leading mainstream newspapers that the two companies were in talks resulted in Atturra’s leadership putting a short statement in response onto the ASX:

“As previously announced to the ASX on 12 December 2023, Atturra has an active M&A strategy and is in ongoing conversations with several companies, and can confirm that one of these companies is Plan B,” the statement reads.

“However, at this stage, the discussions between Atturra and The Growth Fund are preliminary and incomplete. There is no guarantee or assurance that the transaction can be agreed and will proceed on terms acceptable to Atturra.”

Atturra made a big splash in April of last year, when it announced that it was acquiring the veteran MSP, Somerville, for $16.5 million.

Then, in September 2023, the company acquired Sabervox for $5 million and in July 2024 announced the acquisition of the consultancy, Exent, for $8 million.

Thanks to those acquisitions, Atturra has reported rapidly growing revenue, with its last full-year financial results showing a 35% YoY increase.

Read more about why, and how, 2025 will be a year of opportunity for APAC channel organizations.

Matthew Sainsbury

Matthew is a Sydney-based multi-disciplinary journalist that has covered IT for 15 years. . In particular, he covers B2B IT and other channel topics in the APAC region. In addition to Channel Insider, Matthew’s work has been published on ARN, where he previously served as the editor, as well as CRN and AFR. On the side, Matthew is an award-winning arts and entertainment critic and author, and he also participates on the judging panel for the Australian IT Journalism Awards.

Atturra Addresses Rumours Of Major New Zealand Acquisition

Matthew Sainsbury

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