AYG axxis technology group ltd

I really don't think the market has woken up to this yet. Might...

  1. 887 Posts.
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    I really don't think the market has woken up to this yet.
    Might have something to do with timing of announcement.

    From announcement....

    Aside from the significant cash injection and subsequent balance sheet improvement, the sale of these
    elements of the overall Anittel portfolio of businesses, will enable the Company to focus its business around its
    rapidly expanding Hosted Collaboration Services (HCS) business alongside its well established IT Services and
    cloud business. This enhanced focus will enable greater investment in skills around technologies that are in
    increasing demand by Australian businesses.

    Importantly Anittel will, via a reseller arrangement with BigAir, retain the ability to service its IT clients in respect
    of their voice and data networking requirements along with Anittel’s traditional hosted IT services. This will see a
    continuity of the seamless service arrangements with anticipated overall benefits to the service being
    leveraged from BigAir’s scale and focus. The recent consolidation across the communications sector
    underscores the increasing importance of scale in this market sector, a factor recognised by this transaction.

    But most importantly!!. .. .. .

    Additionally BigAir and Anittel will enter into arrangements around the distribution of Anittel’s HCS offerings via
    the BigAir distribution network. This will, in conjunction with Anittel’s broad reach, provide the potential for rapid
    uptake of this in-demand technology.
 
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