LONGUEUIL, QC, Aug. 7 /CNW/ -- LONGUEUIL, QC, Aug. 7 /CNW Telbec/ - Through its subsidiary Carrus Technologies Inc. ("Carrus"), Mediagrif Interactive Technologies Inc. (TSX: MDF), a world-leading developer of e-business networks and provider of complete e-business solutions, announced today that it has entered into an agreement for the acquisition of the assets of BUS Systems Inc. ("BUS") (TSX-V: BUS). The closing of the transaction is subject to certain standard conditions, including the approval of shareholders of BUS at a duly called meeting to be held August 29, 2008. Closing of the transaction is expected to take place shortly after the shareholders' meeting.
BUS (www.busconnect.com) offers a range of Web applications to better manage insurance claims in the automotive industry. The technological tools developed by BUS are specifically programmed for collision repair centers and allow management integration, simplified accounting and communication to bring collision repair centers and insurers together.
This acquisition will complement the suite of services offered by Carrus (www.carrustechnologies.com) to its customers. Carrus is the leading developer of state-of-the-art e-commerce software solutions for the automotive aftermarket industry. Its software electronically link warehouse distributors, auto parts jobbers, and installers to allow for the free flow of large and small orders directly through the Internet, without the use of a telephone.
About Mediagrif Interactive Technologies Inc.
Mediagrif Interactive Technologies Inc. (TSX: MDF) is a world-leading operator of e-business networks and provider of complete e-business solutions. Mediagrif's e-business networks allow buyers and sellers within specific industries to source, purchase or sell products and to exchange documents more efficiently using the Internet. Mediagrif operates 15 networks, including industry leaders www.brokerforum.com, www.powersourceonline.com, www.telecomfinders.com, www.globalwinespirits.com and www.polygon.net. Mediagrif also owns MERX, www.merx.com, the exclusive provider of e-publishing services to the Government of Canada, and is a leading provider of government bid aggregation services and e-procurement services in the U.S. Headquartered in Longueuil, Mediagrif has various offices in North America, Asia and the Middle East. For more information, please visit us at www.mediagrif.com or call 1 877 677-9088.
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