Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

QORIA LIMITED M&A Activity 2016

Nov 7, 2016

65649_rns_2016-11-07_e1398b37-e117-4f7e-a2de-c2e9330396d8.pdf

M&A Activity

Open in viewer

Opens in your device viewer

==> picture [96 x 59] intentionally omitted <==

ASX Announcement Acquisition of CASM

PERTH – 8 NOVEMBER 2016

FAMILY ZONE CYBER SAFETY LIMITED ACQUIRES CLIENT FILTERING TECHNOLOGY

  • Family Zone acquires strategic application software known as CASM.

  • Enables Family Zone to run filtering services on PCs and Mac.

  • Significantly expands Family Zone’s market offerings.

CASM is the abbreviated name of a computing application called Compliance and Application Security Manager .

CASM can be installed on Windows and Apple Mac computers and enables a redirection of network traffic through proxy servers. CASM fills a gap in Family Zone’s technology where PCs and Macs are connected to so-called “Unsafe” networks, being networks absent of Family Zone’s filtering services.

CASM is owned by an entity controlled by Mr Robert Smyth.

Mr Smyth is a seasoned IT sales professional, specialising in education and will be joining Family Zone as VP Sales as part of the acquisition of Sonar/MyNet from Tesserent Limited (ASX:TNT)

Terms

Family Zone will acquire all the rights, title and interests in CASM in consideration for the issue of 833,333 Shares, subject to Shareholder approval at a General Meeting to be held in December 2016.

The Transaction is also conditional on the completion of the acquisition of Sonar/MyNet IP (“Tesserent Education”) by the Company as announced on 8 November 2016.

About Family Zone

Family Zone is an ASX listed technology company focused on cyber safety. Meeting a growing demand to keep kids safe online and manage digital lifestyles, Family Zone has developed a unique and innovative cloud-based solution which combines Australian innovation with leading global technology.

To learn more about the Family Zone platform and the Company please visit www.familyzone.com.

==> picture [46 x 28] intentionally omitted <==

For further information please contact

| Tim Levy | Tim Allerton | Managing Director | City Public Relations | [email protected] | [email protected] | +61413563333 | +61412715707

1