RealTime IT News

MultiEmedia Accepts Computershare Option

Global technology firm Coumputershare has the option to acquire 10 per cent of Web and workflow solutions provider MultiEmedia, after shareholders gave the deal a green light.

Under terms of the agreement, Computershare can exercise the option at AUS$0.50 (US$0.30) per share at any time within 12 months, which if fully exercised would amount to over 37 million individual shares.

According to a company statement, the deal offers MultiEmedia the opportunity to capitalise on the potential of the Internet and e-commerce applications through Computershare's technology and Web development resources.

The two companies have already formed a relationship in which they act as preferred global partners for possible development in financial markets outside Australia.

The announcement follows last week's finalisation of the agreement between Deloitte Consulting and MultiEmedia, which will see the two develop an index tracking system for fund managers.