in brief ComputerCORP today said it would buy fellow IT
services companies S Central and Synergy Plus, a Hyro
S Central and Synergy have 90 and 32 staff located around
Australia, who will join ComputerCORP as part of the deals.
The Synergy acquisition will cost ComputerCORP between $6.5
million and $9.3 million, depending on the company's profit
performance over the next three years, while S Central will be
acquired for $1.18 million in shares and $5 million in convertible
notes. S Central's shareholders will wind up owning about 30 per
cent of ComputerCORP.
ComputerCORP said in a statement that the deals would give it to
the capability to provide total end to end solutions or managed
services from the large high-end datacentre to the personal system
user around Australia, and a total of 330 full-time staff.
Customers brought with the acquisition include household names like
Virgin Blue, Telstra, St George Bank, Tabcorp, Rio Tinto, NSW
Health, Coles, Toyota, and Bluescope Steel, amongst others.