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Reeltime Media Ltd Announces Acquisition Of Webster Computer Systems Pty Ltd's IT Services Business

Thursday, 19 Sep 2013 08:42pm EDT 

Reeltime Media Ltd announced that it has entered into a Terms Sheet with Webster Computer Systems Pty Ltd for the acquisition of its IT services business. Webster Computer Systems, also known as Websys, was established in 1970 with service locations in Sydney, Melbourne and Brisbane. Websys, which also operates under the original brand Webster Computer Systems, is an Intel GID and Premier Partner, Microsoft OEM, HP Partner, Red Hat partner and IBM Partner. The consideration for the acquisition is $750,000, comprised of $200,000 cash, plus shares to the value of $550,000. The Company is also assuming certain obligations of the business.