5 September 2014
As foreshadowed in the shareholder update released on 26 August 2014, ComOps Limited (“ComOps”) is pleased to announce to shareholders and the market that it has today signed and completed a business purchase deed under which it acquired the business and assets of e‐Tivity Corporation (APAC) Pty Limited (“e‐Tivity APAC Business”). The e‐Tivity APAC Business sells, implements and maintains software products for workforce management solutions.
The intellectual property for the e‐Tivity APAC Business is owned jointly by Mr Phil Jones and Positive Group Holdings Pty Limited (together, the “IP Owners”), who licence the intellectual property to e‐Tivity Corporation (APAC) Pty Limited (“APAC”) for use in the e‐Tivity APAC Business. ComOps also announces that it has signed a binding intellectual property purchase deed under which it will acquire the software products, the e‐Tivity trademarks and brands and related intellectual property (“e‐Tivity Intellectual Property”) from the IP Owners.