Office productivity software developer BOS GLOBAL HOLDINGS (LON:BOS) has completed its acquisition of a 40% equity interest in Call Design Pty Ltd.
BOS is paying £280,000 plus 5.04mln BOS shares for the stake. The holders of the newly-issued shares are not allowed to sell them for 12 months.
Michael Travia, the managing director of BOS, has joined the board of Call Design as non-executive chairman.
"Settlement of the acquisition of a 40% equity interest in Call Design represents another major milestone delivered on time,” said Travia.
“I wish to thank the teams at Call Design and BOS GLOBAL who, having already last month kick-started Call Design as a platinum reseller of BOS Meet and BOS Automate worldwide, are working hard together on the implementation of BOS Time and BOS360 PaaS ("Platform as a Service") from next week,” he added.
Shares in BOS were up 7.4% at 18.8p in early deals.