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Hackett In $10m Cloud Venture

Hackett In $10m Cloud Venture

Sydney-based UltraServe claims to have thousands of servers under management for customers who include e-commerce retailers such as Catch of the Day, Deals Direct, Appliances Online, General Pants and Radio Rentals.

UltraServe founder and CEO Samuel Yeats has reportedly agreed to sell a 40-percent stake in his 14-year-old company to Internode founder – and now NBN Co board member – Hackett.

It says this will enable UltraServe to accelerate international growth, servicing e-commerce retailers in Europe and Asia.