ACQUISITION

Vonex Integrates $31M Direct Business into its Operations

Today, VN8 provided an update on the integration of its latest and largest acquisition — the $31M Direct Business purchased from MNF Group, the integration is progressing well as the companies combine into one - and the growth announced today is impressive.

VN8 Quarterly: So close to being cash flow positive. Completes giant acquisition, cap raise. We topped up.

Our telco investment Vonex Ltd (ASX: VN8) reported yet another robust quarterly result today, with unaudited sales revenue of $4.8 million for the quarter, leading to annualised recurring revenue (ARR) of $18.7 million.

VN8 to consume its biggest ever acquisition

Vonex (ASX: VN8) today announced a new acquisition to deliver $15.6M revenue with an EBITDA of approximately $5M in CY2020.

VN8’s Latest Acquisition Boosts Group ARR to Over $18M

When we introduced award-winning telecommunications service provider Vonex Ltd (ASX:VN8) as our latest portfolio addition, it was on the back of an impressive and growing Annual Recurring Revenue (ARR) base. Today, Vonex announced its ARR will continue to grow via the acquisition of telecommunications Nextel justifying our position in the company.

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