Wealthcraft Capital Inc (WCCP)

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That pr is from 2/19 explains the movement huge merger coming in!!http://www.investordaily.com.au/cps/rde/xchg/id/style/16051.htm?rdeCOQ=SID-0A3D9633-A3229897&rdeCOQ=SID-0A3D9632-90F9EF2A

The investment platform provider has announced that 2012 was a "transformational" year for the group, on the back of improving finances and acquisitions.

In Praemium's half-year results to December 31, the group recorded a nine per cent increase in revenue from the prior comparative period to reach $6.5 million, after its acquisition of customer relationship manger (CRM) and planning software company WealthCraft, and BlackRock's Customised Portfolio Service (CPS).

"This financial half has been transformational for Praemium, not only in the improvement in our finances but also with the completion of these two important acquisitions," Praemium chief executive Michael Ohanessian said.

"With the addition of WealthCraft we now have sophisticated CRM tools based on Microsoft Dynamics; these tools will fully integrate with and enhance our existing product suite.

"Our second acquisition, taking over as the operator of the BlackRock CPS, will provide an immediate uplift in revenue and a clear vision to drive future growth."

During the half, Praemium completed a $4.4 million capital raising to become the responsible entity for the BlackRock CPS business, with the transition completed in December.

Praemium's acquisition of WealthCraft was completed in September of last year and the company has said there is already a high level of client demand for the CRM solution.

The group recorded a net loss before tax of $0.3 million over the six months to December 31, compared to December 2011's half-year loss of $3.3 million.

Praemium also experienced a positive operating cash flow of $0.2 million, a turnaround from the cash outflow of $4.3 million in the 2011 half-year result.