Market briefs: Webfirm, Keycorp, QRSciences, Oakton

Webfirm completes QDC IP buy; Keycorp announces directors' resignation; QRSciences changes name to Q Technology; Oakton ESOP options expire

Webfirm completes QDC IP purchase

Online advertising and digital media company Webfirm (ASX:WFM) has completed the $3 million acquisition of QDC IP Technologies.

The company won approval to follow through with the purchase, intended to shore up its Adslot advertising sales automation business, at its AGM last month.

WFM shares ended Tuesday's trading 2.7 per cent higher at 0.190.

Keycorp reveals resignation of directors

Electronic transaction system provider Keycorp (ASX:KYC) has announced the resignation of directors Michael Ibrahim and David Kirton.

Keycorp is in the process of being acquired by Overland Transaction Services, and the directors resigned as part of that process, the company said.

Keycorp provides installation, training and maintenance of payment systems including EFTPOS and point-of-sale units. KYC shares were suspended from quotation in November as a result of the merger.

QRSciences changes name

Electronic security technology developer QRSciences has formally changed its name to Q Technology Group (ASX:QTG).

Shareholders approved the proposal to change the company's name last Monday, and ASIC recorded the change of name on December 2.

The ASX effected the name change today, changing the company's code from QRS. QTG shares were trading at $0.070 on Tuesday.

Oakton reveals lapse of 292k options

IT services provider Oakton (ASX:OKN) has revealed the lapse of around 292,000 unquoted options.

The options, which had various exercise prices and expiry dates, were issued under the company's employee stock ownership plan.

Oakton said it now has around 2.36 million ESOP options on issue, also with different prices and dates. OKN shares grew in 0.89 per cent Tuesday's trading to $2.260.

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