Adisyn Ltd signed a binding agreement to acquire VMware cloud platform assets of Zettagrid Pty Ltd for AUD 1.4 million.
charge, ongoing support under a separate Managed Services Agreement to assist with the novation of VMware customer agreements and supplier contracts, as well as hardware administration, software administration and service provisioning relating to the agreement, and which is due performance by Adisyn prior to the completion date. The agreement is subject to satisfaction or waiver of conditions precedent, including the parties obtaining, where applicable, all third party consents and approvals that may be required to complete the proposed transaction, and other conditions precedent considered standard for a transaction of this nature. The transaction is expected to complete 9 months from May 1, 2024. The consideration received by Adisyn will be used towards further implementing the Adisyn?s growth strategy and towards its existing operations.