DWS buys Symplicit

The loss of a contract will cost IT services company DWS about 4% of its revenue, but a new acquisition will more than make up the difference.

A couple of announcements from DWS have caught our eye over the past week. Both sent the share price down by a couple of per cent, but the first – the end of a contract with the Australian Taxation Office – probably deserved more, while the second – the acquisition of Symplicit, a ‘user experience’ digital design consultancy – probably deserved less.

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