Carlsquare advises Telio on the acquisition of the Australian prison phone provider Comsec
Europe’s leading provider of prison technology expands to a new continent
With its acquisition of the Australian prison phone provider Comsec, Hamburg-based company Telio is continuing its international expansion and is adding a new continent to its global footprint. Comsec is the second acquisition for Telio within the last 12 months and part of the company’s growth strategy of becoming the world’s leading full-service provider for prison technology services.
Telio is currently active in 20 countries across Europe, the Middle East and Africa. It offers technology solutions for (prison) inmate communication. Comsec has been providing prison phone systems in Australia since 1991 and is the market leading Australian prison phone specialist. They are currently providing telecommunications services to approximately 50% of the Australian inmate population.
“Comsec is an ideal match for the Telio Group and a great stepping-stone for the expansion into the Asia/Pacific region”, says Oliver Drews, CEO of Telio, on the acquisition. “Our new colleagues from Comsec are trusted, long-term partners of the Australian corrections authorities and together we are perfectly positioned to continue on our growth path,” continues Drews.
“The time was right for us to partner with a world leading technology provider. Having the first ever prisoner phone system in Australia is something we are immensely proud of. However, whilst it has been a very solid platform that has evolved over time, the Telio system is technologically advanced and the future for Comsec.” explains Rosalie Windust, CEO of Comsec TR.
Comsec is the incumbent supplier of prison phone services for the states of Victoria, Queensland and Tasmania. Comsec TR will continue to be led by its current CEO Rosalie Windust, veteran of the industry with over 25 years’ experience, which will ensure the highly respected Comsec service model will continue uninterrupted.
It is anticipated that Comsec TR will introduce the Telio software solution as well as a variety of other products that showcase the latest inmate media technology to the Australian market in the medium-term. The companies have agreed not to disclose details about the transaction.
Carlsquare acted as the exclusive financial advisor to Telio and BDO Australia acted as lead advisor to Comsec TR.