Vonex Acquires Voiteck for $2.75m
- Telecommunications company, Vonex (VN8), completes acquisition of South Australian voice and internet services provider Voiteck
- The company has paid a total upfront consideration of approximately $2.75 million, comprising $2.2 million in cash and some 5 million company shares
- The company says the acquisition will see Vone x migrate approximately 10,000 active private branch exchange users to its platform
- The total contract value for new customer sales added in Novemebr 2021 reportedly exceeded $1 million, a record sum for the company
- Shares have been up 9.52 per cent, trading at 11.5 cents
