ARN

KAZ reported to buy Aspect Computing for $210m

KAZ Computer Services is to acquire fellow IT services giant Aspect Computing for $215 million, according to a report in the Australian Financial Review.

The report suggests KAZ raised around $78 million from institutional investors overnight to help fund the ambitious acquisition. KAZ Computer Services managing director Peter Kazacos is a former employee of Aspect Computing.

The two owners of Aspect Computing, Lyndsey Cattermole and Peter Draney, will be paid $108 million in cash and 102 million shares in KAZ Computer Services as part of the deal. Both are expected to stay on with the company.

The merged entity expects to be profitable from its first reporting period.

Come socialise with us! Facebook | LinkedIn

More about: Aspect Computing, Australian Financial Review, Australian Financial Review, KAZ Computer Services

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Whitepapers
Latest Stories
Community Comments
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/aca-pacific/357_sap-business-objects-crystal-reports-2008-defy
ACA Pacific

Increase Your Profit Margins with Tandberg Data RDX Cartridges!

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.