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DATA#3 LIMITED — M&A Activity 2008
Mar 30, 2008
64791_rns_2008-03-30_0806c5d2-3a6e-4767-a67a-4c058c579da1.pdf
M&A Activity
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MARKET RELEASE
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Data[#] 3 acquires recruitment business
Extends national People Solutions capability through acquisition of Fingerprint Consulting Services, a Sydney-based premium IT recruitment business
BRISBANE, Australia — 31 March 2008 — Data[#] 3 Limited [ASX: DTL], a national information and communications technology company today announced that it had signed an agreement to acquire the recruitment business of Fingerprint Consulting Services Pty Ltd.
Sydney based Fingerprint Consulting Services has been in operation for 4 years. It has gained a reputation as a premium supplier of predominantly Information Technology recruitment to a ‘blue chip’ customer base. For many of those customers the business also supplies a broader range of services.
“Ten recruitment specialists will join Data[#] 3 as a result of the acquisition and this will considerably bolster our People Solutions business nationally and position it as one of the leaders in New South Wales,” said Data[#] 3 Managing Director John Grant.
“Of particular significance is the fact that the two owners of Fingerprint Consulting Services, Steve Grace and Darren McConnell, will continue with the business full time. Both Mr Grace and Mr McConnell have long term experience in recruitment and associated human resources services.”
This acquisition follows the announcement last month of an acceleration of organic growth through the recruitment of almost 50 professionals previously with Commander.
“With our own customer base expanding rapidly the opportunity for broadening our recruitment footprint is considerable,” said Mr Grant.
The purchase consideration will be based on a multiple of earnings over a three year period, and will be payable in cash.
Mr Grant added, “the acquisition will have positive but not material impact on earnings per share in the current year, but is expected to grow strongly and contribute positively thereafter.”
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About Data[#] 3
Data[#] 3 Limited [ASX: DTL] is a national Information and Communication Technology (ICT) solutions company.
Customers utilise Data[#] 3’s expertise to deliver exceptional value in:
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Software licensing and software asset management solutions to optimise and manage the acquisition of productivity and security software in volume, predominantly for desktop and networking environments
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Infrastructure solutions to design, deploy and operate desktop, network and data centre hardware and software infrastructure as the foundation for productivity and corporate software applications
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People solutions providing contract and permanent recruitment and human capital performance management.
Data[#] 3’s customers cover a wide range of industries including banking and finance, mining, tourism and leisure, legal, healthcare, manufacturing, distribution, government and utilities that are located throughout Australia and Asia Pacific.
Data[#] 3 reported revenues of $285 million in the 2006/07 financial year and $157 million for the first half of the 2007/08 financial year, and has approximately 450 employees. The company is headquartered in Brisbane, and has offices located in Sydney, Melbourne, Canberra, Perth, Adelaide, Townsville, Rockhampton, Gladstone and New Caledonia.
More information about Data[#] 3 and its solution offerings is available at http://www.data3.com.au
ENDS
Media information – for further information please contact:
John Grant
Managing Director Data[#] 3 Limited Tel: 1300 23 28 23 Mob: 0411 429 930 [email protected]
Brem Hill
CFO & Company Secretary Data[#] 3 Limited Tel: 1300 23 28 23 Mob: 0411 887 182 [email protected]
Paul Woods
Team Leader – Marketing Communications Data[#] 3 Limited Tel: 1300 23 28 23 Mob: 0412 788 883 [email protected]
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