Montech relists on ASX

Montech relists on ASX

Acquired companies Technology Effect and Breeze to operate as one entity

Montech Holdings Limited has relisted on the Australian Stock Exchange. This follows the company completing a successful capital raising of $4.3 million, and acquiring Technology Effect and Breeze Training.

As of July 1, 2015, Technology Effect and Breeze will operate as a single entity, MOQ Digital. According to Montech, the two acquisitions form part of MOQ’s new strategic focus to create a national Cloud managed services provider to innovate and develop Cloud products and solutions on Microsoft Azure.

The company said it will have a high quality holistic approach to IT infrastructure and application development services.

Current Breeze chief executive, Nicki Page, will take on the same title at MOQ Digital, with Technology Effect partner, Joe D’Addio, taking on the role as chief operating officer (COO). Both also become directors on Montech’s board.

Commenting on the acquisitions, Montech chairman, David Shein, said the firm will continue to invest in organic growth, focused in high value, high market demand areas.

“That growth will be complemented by making strategic targeted acquisitions that enable an integrated business model capable of delivering services and solutions on a state by state basis to clients,” he said.

MOQ Digital chief executive, Nicki Page, said there is no question that the future of business is digital.

“Digital is bringing about constant change and providing plenty of new opportunities for companies to be competitive and grow market share,” she said.

“Our role at MOQ Digital is to help our customers on that journey, harnessing digital technologies, being agile and adapting quickly and effectively.

“We will do this by combining the best of Breeze and Technology Effect, innovating in our products and services, whilst maintaining a strong focus on high quality customer service, a key differentiator for both companies.

In fact, we’ve seen that mutual spirit and culture over the past quarter where we’ve supported one another in a number of client opportunities.

“We expect this early momentum and cross pollination of offerings, services and geographies to continue as we work towards a full integration of both companies under our new brand.”

MOQ Digital COO, Joe D’Addio, said he was looking forward to the mutual growth opportunities that the merged company provides.

“Our Cloud and digital transformation strategy is gaining momentum, with a number of new client wins and successful implementations,” he said.

“We have already had some great cross selling opportunities realised in a number of existing and new accounts in some of our key industry sectors – education, financial services, health, government services and professional services.

“We’ve started the process of integrating both businesses, including people and culture alignment, financial consolidation, the creation of a single infrastructure and core system, and the implementation of new business practices for application integration and platforms.

"With skills and capabilities in both Queensland and New South Wales, collectively we have more than 80 employees structured to ensure quality of delivery, continued innovation and re-use of intellectual property."

Read more: LiveTiles set to list on the ASX in reverse takeover

Other key appointments at MOQ Digital include Scott McPherson as director solutions. McPherson is a co-founder of Technology Effect and spent more than 20 years with Dimension Data . He was also appointed to the Montech board.

Matt Goggin has been named director sales. Goggin has experience from roles at Com Tech Communications and Dimension Data.

Mick Badran is the firm’s new chief technology officer. Badran held the same position at Breeze from its beginning in 1998.

Technology Effect was named a finalist in the Microsoft 2015 Partner of the Year Awards in the category Modern Datacenter: Customer Focus Partner of the Year.

Montech will release its financial year results in August 2015.

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Tags ASXBreezeNicki PageJoe D’AddioTechnology EffectDavid SheinMontechrelist

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