Investment technology company Computershare Limited
(ASX:CPU) will spend approximately $US10 million to acquire a 25 per cent stake in American based shareholder communications provider INVeSHARE.
The deal includes options for Computershare to move to full ownership in 2018 or 2019 pending on its investments financial performance at that time.
CEO Stuart Crosby says INVeSHARE is bringing new offerings to an industry yet to fully leverage the technology advances that characterise other financial services and communications businesses in recent years.
Mr Crosby says the union can combine to deliver better outcomes by changing the way shareholder communications are packaged and delivered in the North American market.
Computershare generated a net profit of $92.9 million in the first half of fiscal 2013.
