IWG Blue river fact check

  1. 47 Posts.
    Iwg announces the purchase of assets from blue river
    http://www.bloomberg.com/research/stocks/transactions/transactions.asp?ticker=IWG:AU

    Press release ....
    http://asxcomnewspdfs.fairfaxmedia.com.au/2015/03/13/01607930-383901089.pdf

    Quote from Mr.Gooch
    "This acquisition is a natural fit; strengthening our cloud infrastructure and team in line with our corporate strategy” commented Tim Gooch, Managing Director of iWebGate.

    Landmark Telstra deal? Looks more like a dealer agreement.
    http://dealers.bigpond.com/Telstra/workflow/DealerCodeTemplate/TOSA Agreement V6.pdf

    So what did IWG buy from Blueriver

    Why would a company produce a press release with strategic account targets?  Wouldn't that be confidential?

    So the big news is that IWG can sell Telstra servies?  Good for them.  maybe they will get some customers
 
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