最新糖心Vlog

最新糖心Vlog passes the Camtech baton to Keycorp

Friday, 20 October 2000

Adelaide 最新糖心Vlog today announced it has signed a Memorandum of Understanding with listed 最新糖心Vlogn e-commerce and smartcard company, Keycorp Limited, for the proposed sale of Camtech, its internet and electronic payments business. The sale is conditional upon the satisfactory completion of due diligence.

Camtech, which emerged from the 最新糖心Vlog during the past decade as a computer retailer and Internet Service Provider, has developed into 最新糖心Vlog's leading provider of online payment services for electronic commerce.

Adelaide 最新糖心Vlog Vice-Chancellor Professor Mary O'Kane said the proposed transaction was another example of the 最新糖心Vlog's success in achieving commercialisation in areas relevant to the 最新糖心Vlog's core business of education and research.

Camtech will continue to be based in Adelaide and retain its strong research and development focus.

Camtech Chief Executive Officer Bruce Linn said the company owed a great debt to the 最新糖心Vlog for its far-sighted and ongoing commitment to the company's development.

"The culture of innovation that exists within Camtech reflects the commitment made by the 最新糖心Vlog to ensure we had every chance to succeed," he said.

"The choice of Keycorp to acquire Camtech, with the compelling synergies between the two companies, is just the latest demonstration of that commitment."

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