Mustek is to dispose of half of the shares and loan accounts in some of the investments in its technology investment portfolio.
The IT distributor says the move is part of the restructuring of the portfolio.
Crownridge Services will pay $3 million for 50% of software development company Preworx, mobile commerce and secure Web commerce development company Surecom, and Wavetrend, a developer of automated wireless/tag reader identification technology developer.
Mustek says the $3 million will be applied to organic growth opportunities within the group`s core business.
"Mustek has invested into the technology investment portfolio over the past four years. Several of these investments are at the stage where they require a strategic investor with access to international markets and networks.
"Crownridge is an international private equity company which can add significant strategic value to these investments through its international network."
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