Data#3 extends wifi focus

Company News

Data#3 Limited (ASX:DTL) has secured an option to invest in, and potentially acquire, the WiFi analytics company Discovery Potential.
 
The option will give the IT services company a minority shareholding in Discovery Technology, with the ability to extend this into a controlling stake by June 2015.
 
Managing Director John Grant says the move aligns with two elements of their strategy – to be a leader in the cloud marketplace and a participant in the applications sector.
 
Data#3 reported a net profit of $2.6 million dollars in the first half of the 2014 financial year.