Anacacia Capital plugs into parking meter, technology group Duncan Solutions
Summary
Mr Loebel said the Anacacia transaction would facilitate the companys organic growth plans across several areas of its business, and the group was open to acquisitions. Mr Loebel said two thirds of councils in Australia used one or more of Duncans products and the company also had a growing presence in New Zealand and Asia. Its CIC business, which automates and manages access to keys, is used by customers including the Department of Defence and real estate firm JLL, according to its website. Anacacia, which focuses on small and medium businesses, is said to have started early dialogue with Duncan about 18 months ago. The latest accounts lodged with the corporate regulator showed Duncan eked out a small profit for the 12 months ended June 30, 2015, after several years of accumulated losses.
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