The sale of Microster to IT vendors ComOps (ASX: COM) has been finalised.
The agreed upon price for Microster was $6 million. Half of the price will be paid in cash, with $2 million to be paid in shares and the remaining million to be paid over a 12 month period.
Microster is expecting to earn a profit for the year ending on December 31 this year, despite the expense.
ComOps is a veteran vendor with a presence in the IT industry for over 35 years, and is a Microsoft Gold Certified Partner. COM stock is currently trading at $0.25 a share.
Microster is a rostering and workforce management solutions provider, and is also a Microsoft Gold Partner.