Anittel chief executive Peter Kazacos has injected a further $1.75 million cash into the ASX-listed integrator, the company announced today.
The short term loan facility was in addition to the $1.25 million loan Kazacos and his wife Vicki provided the company in the first half of the financial year.
Anittel recently reduced its headcount and restructured its growth focus following a profit drop of $13.5 million in the first half ending 31 December.
But it has continued to acquire, despite the slump, recently snapping up Dubbo IT services provider IT West.
Annitel said it intended to raise additional funds through a rights issue, which would be finalised in the next fortnight.
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