IT entrepreneur Peter Kazacos considers float of new business Anittel

One of Australia’s best known IT entrepreneurs, Peter Kazacos, is reportedly considering floating his two-year-old IT and telco group Anittel on the Australian Securities Exchange as he seeks funds to expand the business.

Kazacos is best known as the founder of Kaz Group, which he sold to Telstra in 2004 for $333 million.

After spending two years inside Telstra managing the integration of the business, Kazacos established PK Business Advantage in 2007. The company changed its name to Anittel in September.

According to a report in the Australian Financial Review, Kazacos has appointed broking firm Ord Minnet to consider capital raising options for the business, including a possible float.

Kazacos has taken a slightly different approach in setting up his latest venture, concentrating again on the SME and mid-tier segments of the market but focusing particularly on regional areas.

The company has made a number of acquisitions in the last two years, scooping up firms in Queensland, Tasmania and South Australia. Its last big deal was the purchase of Lane Technical Services in December 2007.

In an ironic twist, Kazacos bought small business IT consultancy firm Invizage from Telstra for an undisclosed sum.

Kazacos was unavailable for comment prior to publication.