Companies have pulled out their checkbooks this week with several acquisitions and generous prize giveaways.
Leading the way was the news that ASX-listed player, Wintech Group, buying Westan for $5 million.
The share sale was brokered on behalf of Wintech by Western Australia-based investment holding company, Dayspan Holdings.
The distribution business will remain under the Westan brand, manned by its 48 staff.
Another major acquisition was that of Atari's PAL Distribution operation by Namco Bandai Games Europe.
The new company will be called Namco Bandai Partners. It has 40 employees across its Sydney and Melbourne offices.
The new entity will maintain offices in the UK, Germany, France, Spain, Portugal, Italy, Greece, Israel, Australia, New Zealand, South Korea, Hong Kong, Singapore and Taiwan.
Ingram Micro was also spending big, splurging $200,000 on the winners of its Biggest Promotion in the Channel competition.
Metropolitan Computers and Supplies from Sydney won first prize and $110,000. Melbourne's City Software came second and won $50,000. The $20,000 third and fourth prizes were awarded to Sydney companies Compar Holdings and I Know IT, respectively.
Business was good for AVG (AU/NZ), which has posted strong revenue growth for the 2008-09 financial year.
Managing director, Peter Cameron, said preliminary figures showed sales revenue growth of 63 per cent and 58 per cent turnover growth within its reseller base.
IT integrator, Corpnet, was looking to achieve good results as well, making plans to double the growth of its datacentre business segment within the next 12 months.
The company hopes to achieve its goal on the back of its new partnership with EMC.
Tegatech was another company striking up a new relationship, pairing with Taiwanese vendor Ruvo for a desktop PC device.
This marks the first time the distributor dealt with desktop product, which still falls under the category of mobile PC, which Tegatech is familiar with.
The company hopes the new NetTop Mini Cap7 PC will be on the shelves of retail stores and is actively seeking new retail focused reseller partners.
Tegatech was definitely onto something as the retail market showed promising results, experiencing a third consecutive month of growth.
The seasonally adjusted growth for the month of May was one per cent, according to figures from the Australian Bureau of Statistics (ABS). This follows increases of 0.3 per cent in April and 2.2 per cent in March.
There’s more good news to come next week. Keep watching ARN’s Fightback for your weekly dose of optimism.