Data#3 acquires 42.5% share in Discovery Technology

The company has an option to acquire another 14.2 per cent by 30 June 2015

Brisbane-based system integrator Data#3 (ASX: DTL) has confirmed that it will acquire a 42.5 per cent shareholding in Wi-Fi analytics company Discovery Technology for $1.5 million.

As part of the deal, Data#3 can acquire an additional 14.2 per cent share by 30 June 2015 and the remaining 43.3 per cent shares by 30 June 2017.

According to an ASX statement, Data#3 will provide $1 million in capital to fund the development of Discovery Technology, which has been providing Wi-Fi services to SME, enterprise and government clients since 1997.

In 2013, Discovery Technology launched an analytics, location and customer communication software product called the Discovery Connected Customer-xperience (CCX). CCX is deployed over Wi-Fi networks and offers customer analytics and location aware monitoring to Wi-Fi network operators. Data#3 began working with the company in mid-2013 when it started reselling CCX.

According to Data#3 managing director John Grant, the acquisition fits with two parts of its business strategy: cloud marketplace leadership and entry into the applications sector.

“We are delighted to have secured this stake in the rapidly growing Wi-Fi sector and to do it with a solution that’s built for the cloud,” he said.

Grant will be appointed to the Discovery Technology board to help guide the company's transition.

Data#3 has been on a growth cycle of late. In December 2013, it signed a multi-year IT outsourcing deal with Brisbane Airport Corporation (BAC).

At the time, the company would not disclose the total figure but said it was a “multi-million” contract.

Under the outsourcing arrangement, Data#3 provides service desk, desktop, server and infrastructure support along with network management, voice over IP and telephone services to BAC.

Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Wi-FiData#3acquisitionData#3 LimitedDiscovery Technology

More about Brisbane Airport CorporationData#3Technology

Show Comments