“I see strong synergies between what destra and DWS take to market and am confident of destra’s solid financial position, integrity and growth potential,” said Danny Wallis.
destra Corporation Limited (ASX:DES) has announced today that the company has raised $1 million via an equity placement at 12 cents to help fund a number of acquisitions it is currently finalising.
The private equity investment comes from Danny Wallis (via Snooze City Pty Ltd). Danny founded and heads up DWS Advanced Business Solutions, a wholly Australian owned IT service provider servicing the market since 1991. DWS clients include Telstra, Fosters and ANZ bank.
DWS’ success has catapulted Danny to the forefront of Australia’s most successful business entrepreneurs [BRW Rich 200 List, 19 May 2005 issue – page 24].
“I see strong synergies between what destra and DWS take to market and am confident of destra’s solid financial position, integrity and growth potential,” said Danny Wallis.
Domenic Carosa, destra CEO, commented that the capital raising will allow the company to complete a number of acquisitions on which it is working. “destra is on track to deliver a profit this financial year and we expect this trend to continue into the 2006 financial year,” concluded Carosa.
“We are delighted to have Danny increase his stake in the business. This is a clear expression of the continued confidence and belief he has in destra today and into the future,” added destra Chairman, Carl Olsen.