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iseek

Full company profile

uuid000law3

Namestring
iseek
Legal namestring
iseek Pty Ltd
Websiteurl
iseek.com.au
Company typeenum
Private
Founded yearint
1998
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersBrisbane, Australia
HQ citystring
Brisbane
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
data centre services, cloud infrastructure, managed connectivity, colocation services, secure cloud hosting
Industry4 codes
1Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions)
CodeHDABAAALPrimaryYes
2Cloud & Infrastructure Support (Servers, Storage, Virtualization)
CodeBPAAACAEPrimaryNo
3Network, Infrastructure & Data Center Integration
CodeBPAEAAAKPrimaryNo
4Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC)
CodeHDABAHAIPrimaryNo
NAICS code2 codes
  • Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services5182
  • Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services518
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
Data Centre and Cloud Infrastructure Services
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Data Centre Colocation
TypeSubscription Recurring
Description

Co-location services providing physical space, power, cooling, and security for customer IT infrastructure in enterprise-class data centres. Revenue generated from rack space rental and power charges.

iseek.com.au
2Cloud Services (IaaS)
TypeSubscription Recurring
Description

Infrastructure-as-a-Service offerings including Enterprise Cloud, PROTECTED Cloud, and Virtual Data Centre. Provides managed cloud infrastructure, virtual machines, storage, and disaster recovery services.

iseek.com.au
3Managed Connectivity
TypeSubscription Recurring
Description

National coverage and connectivity solutions independent of public internet, providing fully-managed, consistent, secure, and cost-effective dedicated connections.

iseek.com.au
4Data Centre as a Service (DCaaS)
TypeSubscription Recurring
Description

Government-focused data centre services contracted through Queensland Government ICT supplier panel for departments, agencies and government-owned corporations.

iseek.com.au
5Managed Security Services
TypeManaged Services
Description

SIEM + Threat Intelligence, Vulnerability Management, and Incident Response services providing continuous cyber protection.

iseek.com.au
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Pricing details1 tier
1Custom enterprise solutions
ModelOtherBilling cadenceMulti-year contract
Notes

Quote-based pricing tailored to customer requirements. Services include data centre colocation, cloud infrastructure, connectivity, and managed services. Government customers can access services through panel arrangements.

iseek.com.au
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 record
1YourDC
Description

South Australia's premier data centre operator, providing co-location, cloud, and connectivity services with two data centres strategically located in Northern Adelaide and Hawthorn.

iseek.com.au
Core offering1 text field

iseek provides data centre colocation, managed cloud (Enterprise Cloud, PROTECTED Cloud, Virtual Data Centre), and managed connectivity services across seven Australian data centres in Brisbane, Townsville, Sydney, and Adelaide. Its core focus is delivering secure, sovereign infrastructure for government agencies and large enterprises, including ASD PROTECTED Cloud hosting, DDoS-protected national connectivity, and managed security services.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • PUE rating of 1.3 - one of the lowest power usage indexes in Australia
+2 more records
Product overview1 text field

iseek is a Digital Infrastructure provider offering an integrated suite of data centre, cloud services, and connectivity solutions for Australia's enterprise and government sectors. The product portfolio consists of five core offerings: Data Centres (colocation facilities across Brisbane, Northern Queensland, Sydney, and Adelaide), Enterprise Cloud (flexible IaaS with full management), PROTECTED Cloud (ASD-certified secure cloud for sensitive government and enterprise data), Virtual Data Centre (on-demand infrastructure resources), and Connectivity (national managed network with DDoS protection). Additional services include Backup-as-a-Service, Managed Security Services, DRaaS, Object Storage, and DCaaS. The company operates seven data centre facilities and five cloud zones, providing infrastructure-as-a-service platforms and managed services for digital transformation.

Product and service1 record
1Data Centres (Colocation)
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2021-09-01
Description

Canberra-based high-security cloud specialist. Partnership to deliver Queensland's first locally hosted PROTECTED Cloud service. IRAP-assessed against Australian Government Information Security Manual requirements.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Queensland Government-backed telecommunications business. Installed state-of-the-art fibre optic cable connection from expanding North regional network into NQRDC Townsville, providing connectivity for regional customers.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Property partnership for Eagle Farm data centre development within Brisbane Airport precinct. BNE Property division developed data centre facilities.

Strategic tierSupportingTypeTechnology or Integration
Description

Object Storage Service backed by NetApp StorageGrid technology, woven into iseek network and purpose-built data centres for robust and reliable object storage.

Strategic tierCoreTypeTechnology or Integration
Description

VMware Cloud Verified partner meeting all VMware requirements for cloud infrastructure design and configuration under VMware Cloud Provider Platform (VCPP).

Strategic tierSupportingTypeTechnology or Integration
Description

State government-owned data backhaul network partnered with North Queensland Regional Data Centre to provide telecommunications services to regional Queensland.

Strategic tierSupportingTypeTechnology or Integration
Description

Veeam Cloud Connect for Backup-as-a-Service, providing disaster recovery capabilities with end-to-end security and seamless backup copy operation.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

ASX-listed Australian data centre operator with a national network of Tier III/IV facilities offering colocation, cloud connectivity, and managed services to enterprise and government — the most direct domestic comparable to iseek in scale, customer mix, and service portfolio.

TypeDirect peer
Description

ASX-listed operator of government-certified (IRAP, PROTECTED) data centres in Sydney and Canberra with integrated cloud, cyber security, and colocation services — directly overlaps iseek's sovereign-government and enterprise positioning.

3Canberra Data Centres (CDC)
TypeDirect peer
Description

Australian data centre operator specialising in secure, government-grade (PROTECTED, SECRET) facilities for federal agencies and defence — directly competes for the same sovereign-government workloads that anchor iseek's panel positions.

TypeDirect peer
Description

Asia-Pacific hyperscale data centre platform (Blackstone-backed) with major campuses in Sydney and Melbourne serving cloud and large enterprise customers — competes with iseek for Australian enterprise colocation and cloud workloads at greater scale.

TypeBroad incumbent
Description

Global IBX data centre operator with multiple Sydney and Perth facilities providing colocation and interconnection — broader incumbent with overlapping enterprise and connectivity offerings across the same geographies iseek serves.

TypeBroad incumbent
Description

Global data centre REIT with Sydney facilities offering colocation, interconnection, and managed cloud-adjacent services — broader incumbent with overlapping enterprise and cloud-on-ramp services in Australian markets.

TypeDirect peer
Description

Canberra-based sovereign cloud specialist providing IRAP-assessed PROTECTED Cloud services to government and defence — iseek's PROTECTED Cloud technology partner, offering comparable sovereign-cloud capability for Australian government workloads.

TypeRegional player
Description

Australia/NZ-headquartered IT services provider operating its own data centres alongside cloud, managed services, and systems integration — comparable Australian operator with similar enterprise/government customer base and managed-services orientation.

TypeBroad incumbent
Description

Global IT services and data centre operator with Australian data centre and managed cloud offerings targeting enterprise and government — broad incumbent with overlapping cloud, connectivity, and managed-services portfolio.

TypeBroad incumbent
Description

Global hyperscale data centre platform with growing APAC footprint (including Sydney) — broad incumbent competing for large enterprise and cloud workloads in the same Australian market.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers13 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

iseek

Data Centre and Cloud Infrastructure Servicesiseek.com.au

iseek firmographics

Firmographics
Name
iseek
Legal name
iseek Pty Ltd
Website
https://iseek.com.au
Company type
Private
Founded year
1998
Operating status
Operating
Headcount range
51–100 employees
Ownership category
akta.pro rank

iseek industry classification

Industry
Product category
Data Centre and Cloud Infrastructure Services
NAICS
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
SIC
Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry
Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions) (HDABAAAL)
akta.pro secondary industries
Cloud & Infrastructure Support (Servers, Storage, Virtualization) (BPAAACAE), Network, Infrastructure & Data Center Integration (BPAEAAAK), Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC) (HDABAHAI)

Keywords

  • Data centre services
  • Cloud infrastructure
  • Managed connectivity
  • Colocation services
  • Secure cloud hosting

Where iseek is headquartered

Location

Headquarters

HQ city
Brisbane
HQ country
Australia
HQ region
Oceania

Offices4 records

Markets served

iseek business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Data Centre Colocation: Co-location services providing physical space, power, cooling, and security for customer IT infrastructure in enterprise-class data centres. Revenue generated from rack space rental and power charges.
  2. Cloud Services (IaaS): Infrastructure-as-a-Service offerings including Enterprise Cloud, PROTECTED Cloud, and Virtual Data Centre. Provides managed cloud infrastructure, virtual machines, storage, and disaster recovery services.
  3. Managed Connectivity: National coverage and connectivity solutions independent of public internet, providing fully-managed, consistent, secure, and cost-effective dedicated connections.
  4. Data Centre as a Service (DCaaS): Government-focused data centre services contracted through Queensland Government ICT supplier panel for departments, agencies and government-owned corporations.
  5. Managed Security Services: SIEM + Threat Intelligence, Vulnerability Management, and Incident Response services providing continuous cyber protection.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractCustom enterprise solutions

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

iseek product offering

Product offering

Core offering

iseek provides data centre colocation, managed cloud (Enterprise Cloud, PROTECTED Cloud, Virtual Data Centre), and managed connectivity services across seven Australian data centres in Brisbane, Townsville, Sydney, and Adelaide. Its core focus is delivering secure, sovereign infrastructure for government agencies and large enterprises, including ASD PROTECTED Cloud hosting, DDoS-protected national connectivity, and managed security services.

Product overview

iseek is a Digital Infrastructure provider offering an integrated suite of data centre, cloud services, and connectivity solutions for Australia's enterprise and government sectors. The product portfolio consists of five core offerings: Data Centres (colocation facilities across Brisbane, Northern Queensland, Sydney, and Adelaide), Enterprise Cloud (flexible IaaS with full management), PROTECTED Cloud (ASD-certified secure cloud for sensitive government and enterprise data), Virtual Data Centre (on-demand infrastructure resources), and Connectivity (national managed network with DDoS protection). Additional services include Backup-as-a-Service, Managed Security Services, DRaaS, Object Storage, and DCaaS. The company operates seven data centre facilities and five cloud zones, providing infrastructure-as-a-service platforms and managed services for digital transformation.

Differentiator

Problem solved

Functional benefit

Brands

  • YourDC: South Australia's premier data centre operator, providing co-location, cloud, and connectivity services with two data centres strategically located in Northern Adelaide and Hawthorn.

Products and services

  • Data Centres (Colocation)

Quantifiable outcome

  • PUE rating of 1.3 - one of the lowest power usage indexes in Australia
  • +2 more outcomes

Companies that use iseek

Customer profile

Named customers13 records

Segments5 records

Ideal customer profiles3 records

iseek technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

iseek partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and supporting.

  • Vault CloudcoreTechnology or Integration · 1 September 2021Canberra-based high-security cloud specialist. Partnership to deliver Queensland's first locally hosted PROTECTED Cloud service. IRAP-assessed against Australian Government Information Security Manual requirements.
  • YurikacoreStrategic or Co-development PartnerQueensland Government-backed telecommunications business. Installed state-of-the-art fibre optic cable connection from expanding North regional network into NQRDC Townsville, providing connectivity for regional customers.
  • Brisbane Airport Corporation (BAC)coreStrategic or Co-development PartnerProperty partnership for Eagle Farm data centre development within Brisbane Airport precinct. BNE Property division developed data centre facilities.
  • NetAppsupportingTechnology or IntegrationObject Storage Service backed by NetApp StorageGrid technology, woven into iseek network and purpose-built data centres for robust and reliable object storage.
  • VMwarecoreTechnology or IntegrationVMware Cloud Verified partner meeting all VMware requirements for cloud infrastructure design and configuration under VMware Cloud Provider Platform (VCPP).
  • QCN (Queensland Computer Network)supportingTechnology or IntegrationState government-owned data backhaul network partnered with North Queensland Regional Data Centre to provide telecommunications services to regional Queensland.
  • VeeamsupportingTechnology or IntegrationVeeam Cloud Connect for Backup-as-a-Service, providing disaster recovery capabilities with end-to-end security and seamless backup copy operation.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

iseek competitors and assessment

Company assessment

Direct peers

  • NextDC: ASX-listed Australian data centre operator with a national network of Tier III/IV facilities offering colocation, cloud connectivity, and managed services to enterprise and government — the most direct domestic comparable to iseek in scale, customer mix, and service portfolio.
  • Macquarie Data Centres (Macquarie Telecom Group): ASX-listed operator of government-certified (IRAP, PROTECTED) data centres in Sydney and Canberra with integrated cloud, cyber security, and colocation services — directly overlaps iseek's sovereign-government and enterprise positioning.
  • Canberra Data Centres (CDC): Australian data centre operator specialising in secure, government-grade (PROTECTED, SECRET) facilities for federal agencies and defence — directly competes for the same sovereign-government workloads that anchor iseek's panel positions.
  • AirTrunk: Asia-Pacific hyperscale data centre platform (Blackstone-backed) with major campuses in Sydney and Melbourne serving cloud and large enterprise customers — competes with iseek for Australian enterprise colocation and cloud workloads at greater scale.
  • Vault Cloud: Canberra-based sovereign cloud specialist providing IRAP-assessed PROTECTED Cloud services to government and defence — iseek's PROTECTED Cloud technology partner, offering comparable sovereign-cloud capability for Australian government workloads.

Broad incumbents

  • Equinix Australia: Global IBX data centre operator with multiple Sydney and Perth facilities providing colocation and interconnection — broader incumbent with overlapping enterprise and connectivity offerings across the same geographies iseek serves.
  • Digital Realty Trust: Global data centre REIT with Sydney facilities offering colocation, interconnection, and managed cloud-adjacent services — broader incumbent with overlapping enterprise and cloud-on-ramp services in Australian markets.
  • NTT DATA (formerly Dimension Data) Australia: Global IT services and data centre operator with Australian data centre and managed cloud offerings targeting enterprise and government — broad incumbent with overlapping cloud, connectivity, and managed-services portfolio.
  • Vantage Data Centers: Global hyperscale data centre platform with growing APAC footprint (including Sydney) — broad incumbent competing for large enterprise and cloud workloads in the same Australian market.

Regional players

  • Datacom: Australia/NZ-headquartered IT services provider operating its own data centres alongside cloud, managed services, and systems integration — comparable Australian operator with similar enterprise/government customer base and managed-services orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

iseek social profiles

Digital presence

iseek compliance and trust

Trust signal

Compliance3 records

iseek financial estimates

Financial estimate

Revenue estimate

Valuation estimate

iseek leadership team

Management profile

Number of profiles

Profiles4 records

iseek subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

iseek funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

iseek M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iseek

What does iseek do?

iseek provides data centre colocation, managed cloud (Enterprise Cloud, PROTECTED Cloud, Virtual Data Centre), and managed connectivity services across seven Australian data centres in Brisbane, Townsville, Sydney, and Adelaide. Its core focus is delivering secure, sovereign infrastructure for government agencies and large enterprises, including ASD PROTECTED Cloud hosting, DDoS-protected national connectivity, and managed security services.

Is iseek a public or private company?

iseek is a private company. It is classified as private equity controlled and is currently operating.

When was iseek founded?

iseek was founded in 1998. It employs 51 to 100 people.

Where is iseek based?

iseek is headquartered in Brisbane, Australia, in the Oceania region.

How does iseek make money?

Five revenue lines are on record. Data Centre Colocation is the primary driver. The others are cloud Services (IaaS), managed Connectivity, data Centre as a Service (DCaaS) and managed Security Services.

Who are iseek's main competitors?

Direct peers on record are NextDC, Macquarie Data Centres (Macquarie Telecom Group), Canberra Data Centres (CDC), AirTrunk and Vault Cloud. Broad incumbents are Equinix Australia, Digital Realty Trust, NTT DATA (formerly Dimension Data) Australia and Vantage Data Centers. Datacom is listed as a regional player.

Does iseek have an API?

No public API is recorded for iseek.

What industry is iseek in?

iseek's product category is Data Centre and Cloud Infrastructure Services. Its primary akta.pro industry code is HDABAAAL, Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions), with a secondary code of BPAAACAE, Cloud & Infrastructure Support (Servers, Storage, Virtualization). Its NAICS code is 5182 and its SIC code is 7370.

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Live signals
DatacenterdynamicsFloods cut Brisbane power and networksSevere flooding in Brisbane, Australia, has caused widespread power outages affecting over 154,000 customers and disrupted telecommunications networks operated by Optus and Telstra. Data center operators like iSeek are implementing backup measures while ISPs face connectivity issues due to fiber optic cable breaks.MingtiandiAustralia's HMC Buying Data Centre Operator Iseek for $263MHMC Capital has agreed to acquire Australian data centre operator Iseek for A$400 million ($263 million) in a cash-and-stock transaction. The deal involves acquiring seven operating facilities and a project pipeline, with the remainder of the consideration paid via shares in HMC's forthcoming DigiCo Infrastructure REIT. This acquisition complements HMC's recent purchase of Global Switch Australia as it builds a larger digital infrastructure platform amid growing demand from AI-driven hyperscale deployments.WHMC’s Acquisition of iseek to Seed its Global DigiCo Platform Strategy – w.mediaHMC Capital Limited (ASX: HMC) has agreed to acquire iseek, an Australian co-location data centre platform, for $400 million as part of its strategy to establish a Global Digital Infrastructure Platform (DigiCo) to be listed as an ASX Infrastructure REIT. The acquisition will be funded via $150 million upfront cash and $250 million in scrip to be issued in the upcoming DigiCo REIT IPO, with iseek's founders and major shareholders escrowing proceeds pending release of FY25 and FY26 results. The DigiCo REIT is targeting approximately $2.6 billion of new equity to be seeded with over $4 billion of assets under management, with HMC committing a minimum of $500 million (approximately 19%) to the IPO.Pulse 2.0HMC Capital To Buy iseek In $A400 Million DealHMC Capital has entered into agreements to acquire iseek, an Australian co-location data center platform, in a transaction valued at A$400 million. The deal involves A$150 million in upfront cash and A$250 million in scrip for the upcoming DigiCo REIT IPO, aiming to seed a Global Digital Infrastructure Platform with over A$4 billion in assets. This acquisition expands HMC's portfolio with seven operating facilities and a development pipeline, supporting its strategy to list the DigiCo REIT by the end of the calendar year.YourdcBrisbane data centre operator iseek acquires YourDCBrisbane-based data centre operator iseek has acquired YourDC, adding two facilities in Adelaide and Hawthorn to its national footprint. This transaction expands iseek's total capacity to seven data centres across Australia, strengthening its presence in the defence and education sectors while retaining YourDC's management team.ARNUK’s Amber Infrastructure takes majority stake in Iseek – ARNUK-based Amber Infrastructure has acquired a majority stake in Australian IT firm Iseek, with the transaction value potentially reaching $110 million. Iseek's current CEO Jason Gomersall will retain his position as the company continues to operate its cloud and data centre services across Brisbane, Sydney, and Townsville. The investment marks a strategic partnership aimed at supporting Iseek's next phase of growth leveraging Amber's global infrastructure expertise.PR NewswireAustralian Data Center Market (COVID-19 Adjusted) Will Reach $6 Billion, Growing at a CAGR of 3.4% During 2020-2025Research and Markets released a report projecting the Australian data center market will reach $6 billion, growing at a CAGR of 3.4% during 2020-2025, with Sydney leading investment followed by Melbourne and Perth. The report identifies NEXT DC, Equinix, Digital Realty, Macquarie, and iSeek as prominent vendors, noting cloud migration, IoT adoption, and smart city initiatives as key growth drivers, while acknowledging potential COVID-19-related supply chain disruptions. Submarine cable projects connecting Australia to Indonesia and Singapore are expected to boost market growth.Australian Financial ReviewNext Capital snaps up iseek Communications in data centre playMid-tier private equity firm Next Capital has acquired a 51% controlling stake in Brisbane-based iseek Communications for $60 million including debt. The acquisition pairs Next Capital with founder Jason Gomersall to expand the company's data centre operations, which currently generate approximately $34 million in annual revenue.