Vonex Ltd (ASX: VN8) announced the completion of its Voiteck acquisition.
Vonex Ltd (ASX: VN8) has announced the completion of its acquisition of voice and internet services provider Voiteck Pty Ltd for $2.75m. The acquisition will see Vonex migrate approximately 10k active private branch exchange (PBX) users to its platform, boosting group annualised recurring revenue (ARR) to more than $34.5m and is expected to add double-digit earnings accretion to the Company on a full-year basis.
Following the announcement, Vonex shares jumped 14.29% to $0.12/share.
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