Techniche Ltd PO Box 2092, Toowong, QLD, 4066

Telephone +61 1300 556 673

Email mail@tcnglobal.netWebsite www.tcnglobal.netABN 83 010 506 162

2 September 2013
The Manager
Australian Stock Exchange Limited Company Announcements Platform PO Box H224
AUSTRALIA SQUARE NSW 1215
Techniche Limited ABN 83 010 506 162 - ASX Code TCN Market Update

TECHNICHE COMPLETE THE ACQUISITION OF A 50% INTEREST IN STATSEEKER

Techniche Limited (the company) advises that it has today completed the acquisition of a 50% interest in the Statseeker business, currently conducted by Statseeker Holdings Pty Ltd and its subsidiary Statseeker Pty Ltd.
The other 50% interest will be held by Brisbane based Private Equity firm, NBC Capital Pty Ltd. The assets of Statseeker which were acquired include its business, intellectual property and net
tangible assets. The total purchase price is $6.75 million which will be funded via a debt facility of
$2.5m, secured against the Statseeker business as well as a mixture of subordinated debt and equity provided by Techniche and NBC in equal proportions.
Statseeker generated revenues of $5.2 million and an EBITDA of $1.8m in FY2013. Revenues FY2014 are expected to be in the range of $5m to $6m.
The purchase will enhance the company's FY2014 profitability as the company continues with its strategy of acquisition and management of a group of global technology based investments.
About Statseeker
The Statseeker business was founded in 1996, incorporated in 1998, and is a privately held company with its headquarters in Brisbane, Australia. Statseeker designs, develops, markets, distributes and supports a network infrastructure monitoring (NIM) software tool to blue chip enterprises around the world. Statseeker is currently deployed in over 500 customer sites spanning many industries including Government, Military, Banking, Education, Manufacturing, Aviation, Telecommunications, Retail, Publishing, Automotive and Health. Further information on Statseeker can be read at www.statseeker.com.
About Techniche
Headquartered in Brisbane Australia, Techniche delivers value to shareholders by investing in profitable technology companies that improve business performance. We employ an active management approach by working with and incentivizing management to successfully grow the businesses organically and via strategic acquisitions.
Techniche currently owns 2 businesses, ERST Technology GmbH, which provides reliable high speed data transfer solutions, and Urgent Technology Ltd, a provider of enterprise asset and contractor management solutions and has offices in Hamburg, Germany, Milton Keynes, UK, Chicago, USA, Melbourne, Australia, and a support and development team based in New Delhi, India.

For further information please contact Mr Karl Jacoby on 1300 556 673. Yours faithfully,
Kevin J Sheppard
COMPANY SECRETARY

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