Spescom is to dispose of its interest in Enterprise Informatics to ERP2 for $2,5-million.
According to statement by the company, the investment in Enterprise Informatics is no longer core to the group`s operations. Prior year losses incurred by Enterprise Informatics have also negatively impacted on the group`s performance. In order to focus on
enhancing communications by unlocking the value of voice, data and video through effective integration and support services, management has decided to dispose of the investment in Enterprise Informatics.
All securities and other interests in Enterprise Informatics held by Spescom and any of its subsidiaries were disposed of to ERP2 for the sale consideration of $2,5-million.
The transaction will be finalised by 11 October 2007.