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Briefs: Veda acquires PPSA specialist EDX, Collection House CEO resigns

Veda has acquired EDX Ltd, a specialist in personal property securities registration. EDX was established in New Zealand and moved into the Australian market following the passage of the Personal Property Securities Act in 2009. Veda said in a statement that EDX had a market leading registration management system that would strengthen Veda's offering in that market. Collection House chief executive Matthew Thomas has resigned, effective June 30. Thomas has been with the company since 1999 and has been CEO since 2010. Last week the company reported interim results that were marked by heavy falls in profit and return on equity and a reduction in debt ledger accounts repaying debt.

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