Steve, the reason UXC and others are acquiring companies like Keystone is because the nature of IT procurement is moving to cloud and as a service models. I would take the contrary view to yourself that I would not be investing in IT companies who are not acquiring in this space. Keystone is the largest Servicenow vendor in Australia, Servicenow has grown 70% year on year for the last 3 years so I think this is a smart play.
UXC Price at posting:
94.5¢ Sentiment: None Disclosure: Held