Vocus Communications Limited (ASX:VOC) entered into a binding agreement to acquire Ipera Communications Pty. Ltd for AUD 9.7 million in cash and stock on December 7, 2012. The consideration is AUD 9.7 million with 50% of the purchase price subject to a 12 month earn out targets. Initial consideration of AUD 4.9 million will be funded 75% from existing cash, with the remaining 25% paid in Vocus shares. Chris Deere, Founder and Managing Director of Ipera will take on an initial role managing the Newcastle business for the combined entity. Once the transaction completes and after transaction costs, there is expected to be minimal contribution to financial year 2013 of Vocus earnings, while the business is expected to contribute EBITDA of between AUD 2.3 million and AUD 2.5 million in its first full financial year 2014. The acquisition has significant benefits to customers of both organizations. Bonitz Advisory acted as financial advisor for Vocus.

Vocus Communications Limited (ASX:VOC) completed the acquisition of Ipera Communications Pty. Ltd on January 18, 2013. Vocus Communications issued 0.73 million shares as partial consideration. The remaining consideration is deferred for 12 months and is subject to earn out targets.