Montech Holdings (ASX:MOQ) is taking more time to complete the acquisitions of Cloud focused software and service businesses Technology Effect Pty Ltd and Breeze Training Pty Ltd.
The delay in finalising the transactions is due to the holiday period.
It will not despatch a Notice of Meeting as soon as practicable after regulatory approval is obtained as part of its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.
Technology Effect delivers IT solutions and Breeze Training covers application development and Cloud integration products and solutions.
Both companies are amongst the top Microsoft Azure Partners in Australia, and in 2014 either won or were finalists for Microsoft Worldwide and Australian awards for their Microsoft Azure integration solutions for Customers.
Customers of Technology Effect include Bank of Queensland, QSuper, Rio Tinto, Bidvest, BDO, Laing O’Rourke, SunSuper, Brisbane Catholic Education, Brisbane Airport Corporation, RP Data and Logan City Council.
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