Business
Montec Holdings discloses terms of Angus Dortmans Associates acquisition
Montec Holdings discloses terms of Angus Dortmans Associates acquisition.
About this update from Defence Therapeutics Inc Class A
[{"type":"text","content":"\n\n\n\nMONTREAL, July 27 /CNW/ - Montec Holdings Inc. (TSX-V: MTE) ("Montec"), a\nholding company focused on acquiring and developing a diversified portfolio of\nhigh-growth technology companies, today disclosed the terms of the previously\nannounced acquisition of Angus Dortmans Associates Inc. ("ADA"), a private\nmanagement consultancy firm, by its 51%-owned subsidiary Datex Billing\nServices Inc. ("Datex").\n\n\nUnder the terms of the acquisition agreement, Datex will pay $200,000 to\nformer ADA shareholders over a period of two years. The initial financial\nimpact of this transaction on Montec is expected to be immaterial.\n\n\nAbout Angus Dortmans Associates Inc.\n\n\nAngus Dortmans Associates provides management advisory services to\nend-user organizations that rely on business telecommunications, networks and\ncontact centres to advance their business goals. The firm helps organizations\nsolve problems and make better decisions.\n\n\nAbout Datex Inc.\n\n\nDatex (www.datex.ca) is a leading application service provider of\nCustomer Management and Billing solutions and Telecom Expense Management\nsolutions, in a variety of divergent vertical markets. Using its proprietary\nCustomer Lifestyle Management (CLM) process, Datex team has successfully\nmanaged and maintained the customer care and billing infrastructure for more\nthan 60 companies spanning three decades of knowledge and experience. Datex'\nteam of technology experts solves the logistical and technological challenges\nof small and medium sized customer focused business.\n\n\nAbout Montec Holdings Inc.\n\n\nMontec Holdings Inc. is listed on the TSX Venture Exchange (TSX-V: MTE).\nMontec's objective is to create shareholder value by building a profitable\ntechnology entity with high-growth potential. Structured as a holding company,\nit will acquire, in each case, at least 51% shareholdings of a number of\nsynergetic companies and it will develop a diversified portfolio of\nhigh-growth technology companies. Montec recently completed the acquisition of\nDatex Billing Services Inc. For more information about Montec Holdings, please\nvisit our website at www.montecholdings.com.\n\n\nForward Looking Statements\n\n\nThis press release contains forward-looking statements which reflect the\nCompany's current expectations regarding future events....