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Wednesday, 08 October 2014 03:45

Montech to acquire & merge Technology Effect and Breeze


ASX-listed Montech Holdings will complete its acquisition and merger of systems integrators and cloud services specialists Technology Effect and Breeze early next year,in a deal involving an outlay of cash and shares.

The two companies have entered into agreements to be acquired by Montech (ASX:MOQ), with the listed-company to pay $3 million cash plus shares to buy Technology Effect, and $750,000 in cash and shares for Breeze.

On completion of the deal, the owners of Technology Effect and Breeze will become significant shareholders in a merged entity, but will continue to operate under their own brands until a rebranding slated for next year.

And, when the transaction is completed, Breeze CEO Nicki Page will be appointed as a Director and CEO of Montech, and Technology Effect’s co-founder Joe D’Addio will be appointed as a Director and COO of Montech. Both will maintain responsibility for their respective businesses.

“We are delighted about the merger, as well as the opportunity that Montech and its board have presented us, and we are looking forward to converting this into real value for our customers, staff and business partners,” Page said.

Page said the acquisition and forthcoming merger was brought about as a consequence of both Breeze and Technology Effect “exploring how to evolve and expand their businesses in terms of offerings, services and geographies in which they operate.”

“The emergence of the cloud has brought with it great opportunity, but it is changing the IT landscape significantly and rapidly.

“We firmly believe that there is a market opportunity in this new world for a niche organisation with a ‘Customer First, Cloud First’ culture, focused on deep integration capability across platforms, applications and data and which will differentiate itself through exceptional people, market leading commercialised IP and strong partnerships with leading technology providers.”

Technology Effect is a Brisbane-based, Queensland integrator and IT solutions company, and  Breeze, a Microsoft partner, is a Sydney based application integration and software services firm using hybrid cloud techniques in delivery of system solutions.

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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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