Menu
WTL moves on mmpowered

WTL moves on mmpowered

Fresh from its recent acquisition of Icon Medialab, ASX-listed WTL has acquired Internet services company mmpowered communications.

The acquisition brings a broader range of customers and new products to the former mining software integrator, WTL officials said.

The company has been looking for a suitable acquisition target after the sale of its subsidiary, Whittle Programming, topped up its coffers.

"It is an ideal time to pursue an acquisition strategy as we have a strong cash position and there are some excellent opportunities available as the IT industry goes through a period of consolidation," said Wayne Rudland, WTL's CEO.

With mmpowered revenues of over $800,000 for 2001, WTL expects to turn over $5 million this financial year following the acquisition, up from $2 million the previous year.


Follow Us

Join the newsletter!

Or

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.
Show Comments