Dreamscape Networks Limited (ASX:DN8) signed a binding agreement to acquire Quadra Hosting from Net Quadrant Pty. Ltd. for AUD 2.5 million on January 17, 2018. The consideration will be funded through the cash advance facility with Commonwealth Bank of Australia. For the year 2017, Quadra Hosting had revenue of AUD 1.35 million. The transaction is subject to satisfaction of customary conditions. The acquisition is expected to complete on or about January 31, 2018. The acquisition is expected to be EPS accretive in the 2018 financial year, with the full benefits of the acquisition being seen in the 2019 financial year.