Last week, Eckoh announced the acquisition of US-based PSS for $5.6m on an EV-basis. We view the acquisition as highly positive as it provides Eckoh the infrastructure to generate and accelerate the conversion of its US and international opportunities. Today’s announcement of a $2m, 5-year PSS contract win with a Global Communications company is highly encouraging, illustrating the significant potential for the enlarged group. We believe Eckoh has a significantly stronger platform for growth.
