Data#3 takes majority stake in Wi-Fi analytics firm

Data#3 (ASX: DTL) has taken an additional 14.2 per cent share in Wi-Fi analytics firm Discovery Technology, giving it a 56.7 per cent share.

The company has an option to acquire the remaining shares by 30 June 2017.

Data#3 announced its [artnid:547504|intention|new]] to acquire Discovery Technology in June last year.

At the time, managing director John Grant said the acquisition fits with two parts of its business strategy – cloud marketplace leadership and entry into the applications sector.

According to Data#3 CEO Laurence Baynham, the Wi-Fi sector remains “very active” with opportunities that have been in the pipeline coming to fruition.

In September, the system integrator acquired Brisbane-based IT consulting firm Business Aspect Group for $6 million as part of its move into consultancy services.

Business Aspect Group was formed in 2005 and has 70 staff based across offices in Brisbane, Sydney, Canberra and Melbourne.

Follow Hamish Barwick on Twitter: @HamishBarwick

Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia

Copyright © 2015 IDG Communications, Inc.

Download: EMM vendor comparison chart 2019
Shop Tech Products at Amazon