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Latest Australian news Government to continue Census name and address collection "The Melbourne IT of today is almost unrecognisable from the MLB [Melbourne IT] of three years ago," the company said in its FY16 results presentation. "We aspire to be Australia's most impactful digital technology partner." In 2013, Melbourne IT sold its Digital Brand Services division and a smaller business known as For the Record. Following the sale, Melbourne IT was left with its Small to Medium Business (SMB) and Enterprise Services (ES) divisions, which were both performing relatively poorly, the company said, declining by 35 percent and 42 percent in EBITDA terms, respectively. As a result, Melbourne IT set about rebuilding both businesses and repairing the financial foundations of the company as a whole. In delivering its FY2016 results, Melbourne IT declared "mission accomplished" on the three key priorities it had set itself to complete during the year: Integrating recent acquisitions and realising AU$10 million of annualised synergy savings; returning its SMB division to growth; and accelerating the transformation of its ES division. As a result, CEO Martin Mercer said Melbourne IT is confident in its ability to drive growth and profitability. "Over the past three years, we have been focusing on rebuilding our two business divisions and restoring the financial foundations of Melbourne IT. I'm delighted to say that the painstaking work of rebuilding and transformation is complete," he said. "The future will be characterised by innovation and accelerating organic growth." The company's SMB segment produced revenue of AU$97.8 million for the 12-month period and EBITDA of AU$15.7 million. During the 2016 financial year, the company's ES segment signed customers including Crown, REST Superannuation, Jetstar, Officeworks, and Peoplecare, with Melbourne IT noting that 40 percent of the ASX top 20 companies are customers of its enterprise division. ES reported EBITDA of AU$14.6 million on revenue of AU$70 million for the year.