I received an e-mail this morning from a colleague about the purchase by Accenture (Jeff’s old company) of South Australian business PrimeQ.
They paid $31m for it. It was started 3 years ago. Last year had revenue of $28m up from $9m the year before. This shows that C10 is not the only company in this sector seeing massive growth rate.
The intersting difference is that PQ had profit of only $481k up from a loss last year of $5.8m.
This shows how cheap our purchase of C10 was.
The most intersting line quoted the Accenture head say “there wasn’t a single client the consulting firm works with that isn’t discussing how it moves from on premise to the cloud.”
”The message from every customer is that it’s not a matter of if, but when...and it’s all industry segments.”
How cheap is TSN?
10x
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Ann: TSN to Acquire Profitable Cloud & Cloud Security Business, page-17
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