Count Financial Limited’s (COU) wholly owned subsidiary, Countplus Pty Ltd is pleased to announce that one of it’s Canberra based investees, Achieve Corporation Pty Ltd (Achieve) has acquired the payroll management assets of CAL CPM Pty Ltd and CAL Consulting Pty Ltd (CAL). The service provided by CAL is virtually identical to the service currently provided by Achieve and as such represents an excellent opportunity to leverage Achieve’s existing systems for contractor payroll management.
The business mix is 100% payroll management and the client base, like Achieve’s, comprises of information, communication & technology consultants retained by the Federal Government.
Achieve founding Principal, Simon Mitchell, stated “that as a result of the significant synergies, systemisation and value added services that can be supplied to CAL clients, it is projected that the acquisition will be earnings per share positive over the short term.”
Tags: COU, Count Financial, Financial Services, New acquisition
