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THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership deal with US-based giant Oracle which will allow its customers to access its network across North America, Europe and Asia Pacific.
Through its collaboration with Oracle, Megaport customers will now be able to create a dedicated and private connectivity to Oracle Cloud services with higher bandwidth options which also provides faster and more reliable networking systems.
The elastic interconnection services provider, which uses Software Defined Networking, allows its customers to access a global platform to connect to their data base through the Megaport platform.
Founded by Bevan Slattery in 2013, the company is pinning its growth on the rapid demand from companies to be connected to the 'cloud'.
The Oracle deal is part of a massive expansion program undertaken by Megaport, which now connects more than 620 customers throughout 150 data centres in 37 cities across 19 countries.
Along with Oracle, Megaport also partners with major cloud service providers Amazon AWS Technology, Microsoft Azure ExpressRoute and Google Cloud Interconnect.
Newly appointed CEO Vincent English spoke with Business News Australia about the new Oracle deal, and what it takes to rapidly grow a highly profitable company.
To provide us with a sense of scale, how important is this collaboration in the US with Oracle?
So, pulling in the big players like Oracle is a way of making you visible to other potential partners?\
Is this typical of the type of business collaborations you'll be seeking in the future?
In terms of financials, your half year results show a 345 percent increase in revenue but you're trading at a loss in terms of profit obviously Megaport is in a growth phase but how long before this changes?
At the end of the half year 2017, you had a strong cash position of around $24 million what's the situation with that now?
Bevan Slattery founded the company and is still executive chairman ... what sort of input does he have with your operations?
Business News Australia
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