CommQuest (ASX: CQU) intends to acquire Inspirus and InfoDial in a move which analysts predict will substantially increase the company's stock price.
CQU is company which provides end-to-end client solutions to the marketing industry. Inspirus is a bulk email and SMS/MMS provider, and InfoDial provides interactive Voice Recognition solutions.
The announcement has led analysts Abm Amro Morgans to recommend purchasing CQU stock, with a target sell price of $1.23. The stock is currently trading at $0.47 per share.
The analysts predict that the move will have no effect on the company's 2008 profits, but will add around $2 million to the company's revenue for the 2009 financial year.