Sealcorp and Q*soft to conclude deal today

Sealcorp and Q*soft to conclude deal today

New Zealand based Brocker Investments and Sealcorp are expected to complete a deal today which will see them pick up the assets of embattled Brisbane based distributor, Q*Soft.

Brocker director and Sealcorp general manager Chris Spring confirmed that the outcome of the negotiations will be revealed to the staff this afternoon, and that the staff has been a critical point of the deal. It is understood Sealcorp will acquire Q*soft's stock and distribution agreements.

Q*Soft last changed ownership in late 1997. At that time, it had just lost the right to distribute Microsoft products and had abandoned attempts begun under previous owner Douglas Health to build itself into a national tier-one distributor.

Managing director Barry Amor shifted Q*Soft's software-centric focus by strengthening its hardware offerings in areas such as monitors, motherboards, memory and data storage. It also turned to second-tier suppliers in an attempt to carve out better margins for itself.

The path has not been easy and Q*Soft has been looking for an alliance partner or purchaser for almost a year. Amor said he was confident current discussions will be successful. If a deal is struck, Amor will not retain any association with Q*Soft, he said.

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