Calyx acquires Irish IT specialist Entropy

Published 2 March 2006

Dublin-based Calyx, the largest single-source providers of information and communication technology network solutions in Ireland, has acquired the Dublin-based Entropy, an IT security specialist for a total consideration of “4.95 million through cash and shares. The initial consideration of “4 million comprises “2.98 million in cash and 1.06 million ordinary shares of “0.10 each (valued at “1.02 million based on Tuesday’s closing price of 65.5p).

For the year ended 31 December 2005, Entropy had audited revenues of “6.25 million with profit before tax of “0.59 million, cash in the bank of “1.1 million, and net assets of “1.1 million.

-read more in this news release; see more about Calyx at company Web site