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Stratatel acquires WA IT firm for $500k

West Perth-based software and services provider Stratatel has acquired private IT company Resource Systems and Services for $500,000.

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Wanneroo
I wonder if the writer is talking about the whole of Australia. It seems to me that he has not gone onto the streets of Perth and looked at this type of asset sale. In the Perth market which is particularly boyant at this time, distressed assets are almost unsaleable.( even if you can find them) Distressed asset sales are nothing new but many lenders are loath to finance their purchase. Ron Atkinson Finsa CPPB

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Share Transactions

02/05/11
$6k Bought
08/09/10
$10k Bought
03/09/10
$10k Bought
Total value as at the date of the transaction
Source: Morningstar

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