No. 1 Story

Construction needs cloud flexibility

Australia’s embattled construction sector could benefit from cloud based information systems that can be switched on and off in lockstep with individual projects – with the exception of those organisations based in remote areas like the Kimberleys.

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Candle completes acquisition The One Umbrella

IT Industry - Development

ICT recruiter, Candle Australia Limited (ASX:CND), has completed its acquisition of library, archives, records management and knowledge management recruiter, The One Umbrella.

The One Umbrella has been operating for over 20 years and has offices in Sydney, Brisbane, Canberra and Melbourne. Candle announced the acquisition on September 30 stating that it will be EPS positive in its first year. CND expects to pay about $3.2 million in cash and shares, using a performance based earn-out formula.