Data#3 takes majority stake in Wi-Fi analytics firm
- 01 July, 2015 09:48
Data#3 (ASX: DTL) has taken an additional 14.2 per cent share in Wi-Fi analytics firm Discovery Technology, giving it a 56.7 per cent share.
The company has an option to acquire the remaining shares by 30 June 2017.
Data#3 announced its [artnid:547504|intention|new]] to acquire Discovery Technology in June last year.
At the time, managing director John Grant said the acquisition fits with two parts of its business strategy – cloud marketplace leadership and entry into the applications sector.
According to Data#3 CEO Laurence Baynham, the Wi-Fi sector remains “very active” with opportunities that have been in the pipeline coming to fruition.
In September, the system integrator acquired Brisbane-based IT consulting firm Business Aspect Group for $6 million as part of its move into consultancy services.
Business Aspect Group was formed in 2005 and has 70 staff based across offices in Brisbane, Sydney, Canberra and Melbourne.
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