3D Pioneer Systems Inc, (DPSM), announced that on June 23, 2021 it has executed a definitive agreement to acquire all the issued and outstanding shares of Host Group of Companies Pty Ltd (Host Networks), an Australian data centre and hosting service based in Brisbane.
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Under the agreement, DPSM has acquired 100% of Host Networks’ outstanding shares for AUD 3,500,000 approximately USD 2,640,000. 3D Pioneer Systems Inc will issue 3,771,429 of its shares to the registered owners of Host Networks.
James Kennett, Director of Host Networks, said “We are pleased to have entered into this agreement with DPSM. The dramatic increase in demand for data storage and security since COVID 19 commenced has seen our business, along with our whole industry, require rapid expansion, and so we are excited about the additional resources this gives us to grow our operations and capacity”.
President and CEO of DPSM, Patrick St-Pierre, said “Host Group will complement our data and cybersecurity activities and plans. The human and technical resources it adds will improve our existing operations and enable us to expand our service range and capabilities.”
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