Nov 10 (Reuters) - Motopia Ltd (MOT)
- Signs binding agreement to acquire cloud technology and services provider Cirralto Business Services Pty Ltd
- Forecast to generate A$1m revenue in FY2017
- Consideration for transaction is issue of 132.5 million new Motopia shares to cirralto shareholders.
- Engaged in discussions with 3rd party technology and software vendors to form partner alliances
- Expects no immediate changes to its current operating structure
- Motopia to acquire cirralto business services-mot.ax
News: MOT Motopia to acquire Cirralto business services
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