TPG swoops on cloud hosting firm

TPG Telecom, the Australian ISP, is to buy cloud hosting outfit IntraPower for $12.8m, well above market price. IntraPower has offices in Sydney, Melbourne and Brisbane and provides IT, infrastructure, voice and data communications services to around 2000 customers. TPG executive chairman David Teoh said “the TPG Group's …

[Anonymous Coward]

"IntraPower's proven capability"

As a former employee of a former customer of IntraPower, all they've ever proved is that they couldn't find their arses with both hands and a twice actual size map.