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Tuesday, June 20, 2006

Computer Business Reniassance Buys Ultra

Renaissance-owned computer business Insite Technology recently bought out Auckland-based competitor Ultra Computer. The sum of the deal has not been released, but it brings together two of the oldest computer hardware and server assembly computer businesses in New Zealand. Both companies were founded in 1992.

Insite will leverage this acquisition by expanding its reach to northern New Zealand. Manager Jan Paterson states that the deal is an attempt to better-organize the New Zealand assembly market. Paterson hopes that the deal will help grow the local assembly market and benefit both companies by blending their strengths.

Ultra was formerly owned by John Gould and Mark Forbes. Gould plans to stay involved and run the business, while Forbes intends to seek out other opportunities. The computer business currently has eight on staff, while Insite has twenty.

PC assemblers owned by New Zealand entities has decreased steadily over the years, and the Computer Manufacturers Association, once responsible for representing the assemblers closed last year. Many hope this newest deal will help bring back business.

Blogged By: Computer Consulting Kit