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Inabox Group Ltd, Specialist Cloud and VoIP Provider Neural Networks to be Acquired

-  Inabox Group to acquire the business and agreed assets of Neural Networks Data Services Pty Limited on a debt and cash free basis.
 
-  Inabox Group expects the acquisition to be eps accretive during FY15.
 
-  Neural Networks to contribute key IP and expertise in cloud services as well as an established wholesale customer base.
 
-  Inabox Group expects to pay initial acquisition consideration from existing cash reserves.
 
Monday, 30 June 2014: Inabox Group Limited (“Inabox Group”, ASX:IAB) today announced that it has entered into a binding conditional agreement to acquire the business and assets of Neural Networks Data Services Pty Limited (“Neural Networks”), a Brisbane- based provider of wholesale cloud and VoIP products.
 
 
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