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Tribal Group PLC announces acquisition of Sky Software Pty Ltd

Thursday, 6 Mar 2014 02:00am EST 

Tribal Group PLC:Says it has acquired Sky Software Pty Limited.Sky Software is a provider of cloud-based student management systems.Initial consideration on a debt-free/cash-free basis will be A$4 mln, with up to a further A$17 mln payable in deferred contingent consideration.All consideration payments will be satisfied in cash from Tribal's cash resources available through its existing revolving credit facility. 

Company Quote

-3.25 -2.22%
11:35am EDT