Transformation from Hosting to Digital Media company through disposal of the destra business division:
- In Dec 2005, 84% of destra’s revenue was derived from Hosting and related services
- Sale of the destra business division assets over the last 18 months has generated consideration in excess of $26m with an EBITDA profit of $17.7m:
- destra Domains - $800k – management buyout (Sep 06)
- destra Hosting - $19m – BlueFreeway IPO (Dec 06)
- destra Comms - $6.7m – Intrapower IPO (July 07)
Since Dec 2005, destra has acquired 11 media-related businesses:
Content
- Rajon Distribution (Dec 05)
- Visual Entertainment Group (Apr 06)
- Payless Entertainment (Jun 06)
- MRA Entertainment (Dec 06)
- Central Station Records (Dec 06)
- Magna Pacific (Aug 07)
Advertising & Communities
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Brand New Media (Sep 06)
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Poppychops (Jun 06)
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Thescene.com.au (Jun 06)
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Tranzfusion.com (Jun 06)
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Nice Shorts (Dec 06)