Jumbo deal with Manaccom

Jun 26, 2007 6:50 AM
Tags: jumbo | deal | manaccom

Jumbo Corporation looks to acquire Manaccom, a specialist software publisher and distributor.

ASX-listed Australian e-commerce company Jumbo Corporation has entered into a conditional ‘Heads of Agreement’ to acquire Manaccom, a specialist software publishing and distribution business with contracts to supply major retail chains including Harvey Norman, Dick Smith, JB Hi-Fi and Officeworks.

Manaccom, a BRW Fast 100 listed company, distributes a range of leading
computer software including Trend Micro PC-cillin Internet Security, as well as Net Nanny, the popular child online protection software.

The purchase consideration for Manaccom was valued at around $5.1 million and was structured as follows; $2.5 million cash on settlement (bank finance) and 80 million Jumbo shares at 3.25c.

Mike Veverka CEO at Jumbo Corporation said the acquistion represents a positive move by Jumbo to further develop its ecommerce and IT division.

“The combined talents of Jumbo and Manaccom provide some strong synergies,
and some exciting opportunities to grow the business,” he said. “Jumbo and Manaccom have already worked together on web-based software off-shore distribution projects for software vendors and this acquisition would increase the focus on these projects.”

According to Veverka it’s envisaged a “best of both worlds” solution can be offered with Australian customers satisfied through the national retail channel and software sold online internationally.


  • Email a Friend
  • Print Page
Jumbo deal with Manaccom
 
Comments

Be the first to comment on this article.
Thoughts on this article? Add a comment below.
Comment:
Want to participate in the discussion?
Or log in now to comment
 
 
 
Top Stories
Oracle shuts down open source test servers
Playing nice with the open source community, Larry?
 
Google hosts election debate
Lundy, Fletcher and Ludlam face off on tech policies.
 
Telstra fined $18.5m for exchange access
Kept competitive DSLAM kit out.
 

Latest VideosSee all videos »

Latest Comments
"Now Julia, if only you would promise not to filter the internet in your next term of government ..."
by hsvandrew Jul 31, 2010 9:33 AM
 
"@Nate - my fears are that if we use a national consortium as an interface to international ..."
by heavenlyhaloes Jul 31, 2010 12:41 AM
 
"Did anybody notice that on Apple's website the iPhone is missing the AT&T logo on the top bar? ..."
by brownenicola Jul 30, 2010 10:18 PM
 
"@digger11 - when will you learn just to remain quiet when you don't have all the facts or a ..."
by Bazwalt Jul 30, 2010 7:13 PM
 
"Wakie is right, Digger11 is either an exceptional forum troll or a massive moron. For those who ..."
by Bazwalt Jul 30, 2010 6:51 PM
Polls
Did Google breach the Telecommunications Interception or Privacy Acts during its WiFi wardrive?

   |   View results
Yes. There is no excuse for collecting this data.
  28%
 
No. If your wireless network is unsecured, you have no right to complain
  72%
TOTAL VOTES: 1873

Vote