Ann: Strategic Acquisition of leading IT Services Provider, page-5

I thought the same thing tbinvestor - though I'll be happy if this ends up leading to profitability down the track. Seems like a strategic move to beef up the Canberra operation - perhaps an admission it wasn't pulling its weight or delivering as hoped. Contacts are key in this sector and you'd hope this move brings in someone who can get more out of the Canberra operation. The timing stinks in terms of the CR. But they must have their reasons for that.