EXT excite technology services ltd

Ann: Term Sheet for Acquisition of Digital Forensics Group CDFS, page-11

  1. 3,544 Posts.
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    I like this bit but at the same time it sounds like it could be expensive:

    As part of the transaction, Excite will enter into a commercial, 10 year lease agreement for a state-of-the-art digital forensics lab and training facility with a related party of the vendors of CDFS. The facility is due to be completed in july 2025, at which time the lease will commence. The lease will be on commercial terms at $400 per sqm, per year for 1,445 sqm ($578,000) and is expected to commence from July 2025. The new facility has vested interest from the Australian government and forms part of CDFS' growth strategy that will deepen the Group's relationship with Australian Intelligence and Law Enforcement agencies.

    Overall, the future looks bright. Hope we see a positive response from the market next week.
 
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