(MENAFN- ProactiveInvestors)
() has been granted an ASX trading halt relating to its execution of an agreement to acquire Cirrus Networks Pty Ltd.
The acquisition of Cirrus a IT solutions integrator involves a significant change to the nature of the company’s activities.
The halt will last until the earlier of the announcement being made or the commencement of trade on Wednesday 28 January 2015.
Cirrus’ business assists both corporations and governments reduce costs and improve services with respect to their Information Technology.
In its first full year of operation Cirrus recorded unaudited revenue of $5.9 million in the year to June 2014.
Its customers currently include Argyle Diamonds Western Australia Police Roy Hill Iron Ore LandCorp Tronox Ltd Emeco Holdings Ltd and Keystart Home loans.
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