Australian-owned cloud service provider Bulletproof Networks on Monday announced it would soon list on the Australian Securities Exchange (ASX) in a bid to raise $1.6 million. Bulletproof will undertake a reverse listing with existing ASX-listed entity Spencer Resources Limited (ASX:SPA), which will acquire 100 per cent of Bulletproof. If Spencer’s shareholders approve the deal, existing Bulletproof shareholders will receive a majority ownership in Spencer. Stephe Wilks, the current chairman at telecommunications infrastructure provider Eftel Limited – which was recently sold to M2 Telecommunications Group Limited – will join Bulletproof when it lists following a shareholder vote in December. Wilks was also founder and managing director of the first Australian DSL wholesaler XYZed, consulting director at NM Rothschild and Sons and CEO of Nextgen Networks. Bulletproof CEO Anthony Woodward, said the company had experienced an annual growth rate of more than 40 per cent over the last five years and it strong cash flows had enabled it to be largely self-funded. He said the capital raising from the listing – when combined with cash reserves – would accelerate the company’s expansion plans and strengthen its balance sheet. Bulletproof claimed that over the past seven years, it has been consistently first to market with public and private cloud services. The company said it was the organisation in Australia to launch a VMware public cloud in 2006 and a managed Amazon Web Services offering in 2012. Related content BrandPost The future of trust—no more playing catch up Broadcom: 2023 Tech Trends That Transform IT By Eric Chien, Director of Security Response, Symantec Enterprise Division, Broadcom Mar 31, 2023 5 mins Security BrandPost TCS gives Blackhawk Network an edge with Microsoft Cloud In this case study, Blackhawk Network’s Cara Renfroe joins Tata Consultancy Services’ Rakesh Kumar and Microsoft’s Nilendu Pattanaik to explain how TCS transformed the gift card company’s customer engagement and global operati By Tata Consultancy Services Mar 31, 2023 1 min Financial Services Industry Cloud Computing IT Leadership BrandPost How TCS pioneered the ‘borderless workspace’ with Microsoft 365 Microsoft’s modern workplace solution proved a perfect fit for improving productivity and collaboration, while maintaining security of systems and data. By Tata Consultancy Services Mar 31, 2023 1 min Financial Services Industry Microsoft Cloud Computing BrandPost Supply chain decarbonization: The missing link to net zero By improving the quality of global supply chain data, enterprises can better measure their true carbon footprint and make progress toward a net-zero business ecosystem. By Tata Consultancy Services Mar 31, 2023 2 mins Retail Industry Supply Chain Green IT Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe