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The sovereign cloud and cyber security provider confirmed the successful capital raise with the Australian Securities Exchange on 3 July, proposing to accelerate growth by strengthening the company’s sales and marketing capabilities.
NEXTDC, Cathie Reid, and managing director and recently appointed chief executive officer of AUCloud Peter Maloney underwrote the entitlement offer to shareholders, which the company told the ASX was “fully subscribed”.
All funds raised will contribute to working capital, with AUCloud scaling up its sales and marketing capabilities to leverage growth opportunities in the cyber market.
According to Maloney, the capital raise was a vote of confidence from shareholders.
“The team at AUCloud appreciates the ongoing shareholder confidence in our business and support of our strategy to accelerate the growth of our sovereign cloud and cyber security businesses,” he said.
“We are at the heart of helping government and private enterprise solve two of the biggest technology challenges: migrating from on-premises infrastructure to the high flexible multi-cloud model and helping Australian companies to prevent, detect and respond to cyber security events.”
The company has an Australia-wide footprint, offering services to various levels of government, defence, intelligence agencies and critical infrastructure across the country.
All company services and hosted data remain in Australia.
“AUCloud has invested significantly to build highly secure and accredited sovereign cloud and cyber security capabilities nationally, with sovereign zones in Canberra, Sydney, Brisbane and Melbourne,” Maloney continued.
“We are now focused on strengthening our sales and marketing capabilities, taking advantage of the strong tailwinds, to extend deeper into the cyber security ecosystem and multi-cloud markets.”
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