I dont think this is good news. The assets theybsoos for 850k +...

I dont think this is good news. The assets theybsoos for 850k + 550k were makinf the business circa 2million in sales per annum - this is in the announcement.

Part of the deal is that they have transferred those 2mil/year customers to Zettagrid too - its in the announcement.

So they lost an in-house revenue generating product, potentially future sales (as new customers can buy directly from Zettagrid instead of via them) for 850-1.4mil as once off.

whats the upside...
they get immediate cash of 850k and hopefully 550k in 9months
Maybe their operating cost will drop (maybe let go of a few staff as they dont need to look after that platform anymore)- but they didn't mention about this in announcement.
They can focus on new strategy - but why give up on what's working instead of trying something new.

btw, this company have changed strategy atleast 5 times since IPO...
first it was all about Data Centre
then Crypto
then containerised Data Centre with recyclable enercy
then managed services
then security
and now defence..

one may argues that its growth... but hey.. look at the latest announcement and you wont read thier push re colocation or crypto anywhere... tells me they are jumping around to find what sticks... nothing yet unfortunately.