News blog
Xploite
- BY: Andrew Hore |
- POSTED: 19/05/2009 |
Xploite is considering the sale of its core IT managed services business, Anix.
There is no guarantee that the current talks will lead to a disposal.
Xploite is in dispute over deferred consideration it may have to pay for the managed IT services business it bought from Aim-quoted Cantono.
The deal was that IT services business provider Xploite would pay £1.9m upfront and £1.1m three months after the deal was completed. That deferred consideration was due on 15 March 2009 and has not been paid. Cantono also says that it did not receive extra payments relating to the completion accounts.
At 62.5p a share, Xploite is valued at £24.7m.
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