Its 100 per cent acquisition makes Fujitsu the third-largest IT company in Australia according to revenue, and gives it access to Kaz’s 5,000-member staff across the country.
According to Fujitsu, its purchase of the division is in line with its ambitions to broaden its footprint in the Australian market.
According to Fujitsu, its purchase of the division is in line with its ambitions to broaden its footprint in the Australian market.
Telstra, which purchased Kaz for AU$330 million in 2004, has long wanted to be rid of its division, Australian reports state, supported by its readiness to sell the branch at a AU$130 million deficit.
Telstra recently reported that revenues for its IT services group - which relies on Kaz’s performance - plummeted by AU$80 million from 2007 to 2008.
