Tellza Communications Inc. (TSX:TEL) entered into an agreement to acquire 90% stake in MatchCom LLC for CAD 1.4 million in cash and stock on January 6, 2014. Under the terms of agreement, Tellza will pay CAD 0.59 million in cash and issue 5 million shares from treasury. In 2013, Matchcom LLC earned revenue of approximately CAD 50 million.

The transaction is subject to customary due diligence, regulatory approval and approval of Tellza's Board of Directors and is expected to close in January 2014. The acquisition is immediately accretive to Tellza.