Gen-i divests Auldhouse through management buyout

Media release

01 October 2013

Gen-i divests Auldhouse through management buyout

Auldhouse, now NZ’s largest privately owned commercial training business, will continue to support Telecom and Gen-i as a preferred supplier

Gen-i has today announced that it has signed a sale and purchase agreement to transfer ownership of its training business Auldhouse to Auldhouse executives Melanie Hobcraft, Leigh Richardson and Craig Jones, through a management buyout.

Auldhouse is the premier training partner for many of New Zealand’s major government and corporate organisations and under new ownership will be the largest privately owned commercial training business in New Zealand. Telecom and Gen-i will continue to leverage Auldhouse services through a Preferred Supplier Agreement.

Gen-i CEO Tim Miles says: “Auldhouse is a great specialist business, developed from the ground up by some very talented people. It makes good sense for them to now own Auldhouse, as they have built it up so successfully. While ownership will change, we will continue to utilise their specialist training expertise for the benefit of our staff and clients.”

Melanie Hobcraft, Managing Director of the newly formed Auldhouse Computer Training said she is delighted to have this opportunity to take the business forward under private ownership.

“We’re thrilled that Auldhouse will continue to work in partnership with Telecom and Gen-i, and look forward to continuing to provide high quality IT training and consultancy services to a wide range of New Zealand private and public sector organisations. We will also continue to work in close collaboration with leading global vendors including Microsoft, VMware, Citrix, Cisco, Red Hat, Pink Elephant ITIL, Symantec, Check Point and SAP. This is going to be a very exciting next chapter for the Auldhouse team.”

Auldhouse was founded in 1987 to deliver specialist IT training services to Gen-i clients and Telecom and Gen-i staff. The business has since grown across Auckland, Wellington and Christchurch offices. Auldhouse works with many of New Zealand’s leading organisations, providing training to ensure their investment in IT systems is maximised. For more information visit www.auldhouse.co.nz

ENDS

About Gen-i

A member of the Telecom New Zealand Group, Gen-i brings together data and telecommunications services to provide total end-to-end ICT solutions for business and government across New Zealand and Australia.

We are investing in the things that make a difference for our customers – our networks, data centres, and innovative new services. Our aim is to become an even more future oriented, competitive provider of converged ICT services, delivered over our high quality fixed and mobile networks and the Cloud.

In the 12 months ended 30 June 2013, Gen-i’s operating revenue was $1.26 billion.

For more information on Gen-i, visit www.gen-i.co.nz

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