Media release
01 October 2013
Gen-i divests Auldhouse through management buyout
Auldhouse, now NZ’s largest privately owned commercial training business, will continue to support Telecom and Gen-i as
a preferred supplier
Gen-i has today announced that it has signed a sale and purchase agreement to transfer ownership of its training
business Auldhouse to Auldhouse executives Melanie Hobcraft, Leigh Richardson and Craig Jones, through a management
buyout.
Auldhouse is the premier training partner for many of New Zealand’s major government and corporate organisations and
under new ownership will be the largest privately owned commercial training business in New Zealand. Telecom and Gen-i
will continue to leverage Auldhouse services through a Preferred Supplier Agreement.
Gen-i CEO Tim Miles says: “Auldhouse is a great specialist business, developed from the ground up by some very talented
people. It makes good sense for them to now own Auldhouse, as they have built it up so successfully. While ownership
will change, we will continue to utilise their specialist training expertise for the benefit of our staff and clients.”
Melanie Hobcraft, Managing Director of the newly formed Auldhouse Computer Training said she is delighted to have this
opportunity to take the business forward under private ownership.
“We’re thrilled that Auldhouse will continue to work in partnership with Telecom and Gen-i, and look forward to
continuing to provide high quality IT training and consultancy services to a wide range of New Zealand private and
public sector organisations. We will also continue to work in close collaboration with leading global vendors including
Microsoft, VMware, Citrix, Cisco, Red Hat, Pink Elephant ITIL, Symantec, Check Point and SAP. This is going to be a very
exciting next chapter for the Auldhouse team.”
Auldhouse was founded in 1987 to deliver specialist IT training services to Gen-i clients and Telecom and Gen-i staff.
The business has since grown across Auckland, Wellington and Christchurch offices. Auldhouse works with many of New
Zealand’s leading organisations, providing training to ensure their investment in IT systems is maximised. For more
information visit www.auldhouse.co.nz
ENDS
About Gen-i
A member of the Telecom New Zealand Group, Gen-i brings together data and telecommunications services to provide total
end-to-end ICT solutions for business and government across New Zealand and Australia.
We are investing in the things that make a difference for our customers – our networks, data centres, and innovative new
services. Our aim is to become an even more future oriented, competitive provider of converged ICT services, delivered
over our high quality fixed and mobile networks and the Cloud.
In the 12 months ended 30 June 2013, Gen-i’s operating revenue was $1.26 billion.
For more information on Gen-i, visit www.gen-i.co.nz