Thomson Geer acted for Sydney-based cloud tech investor, MOQ Limited, in its binding agreement to acquire data analytics and training specialist, Wardy IT Solutions, announced on 12 August 2019.
The deal includes an upfront purchase price of $7.5 million for cash and shares, with a potential earn-out of up to $6 million.
MOQ CEO Joe D'Addio said "The acquisition of Wardy IT is an excellent strategic fit for MOQ and aligns with our vision to develop, build and acquire cloud-centric complementary technology businesses."
The core Thomson Geer team was Partner, Dan Kramer, Special Counsel, Lucinda Girdlestone and Lawyer, Alain Nguyen, supported by Partners, Jonathan Corlett, Matthew Prescott and David Zwi and Associate, Nicola Moldrich.