Less than six months after coming out of administration, the ATM fleet operator My ATM Holdings is undertaking a takeover.Yesterday, the company announced that it had entered into a heads of agreement to acquire iWebgate Technology Ltd, a maker of software that is designed to increase the security and functionality of information transfers over network services.My ATM said there was "significant potential" for IWG's software to be integrated into the My ATM network. The possible benefits of integration include lower costs, greater simplicity and easier external access to the company's network.My ATM went into administration in December 2011. Throughout 2012, the administrators worked to execute a deed of company arrangement and recapitalisation of the company, which resulted in a A$400,000 issue of notes and a $2.5 million issue of shares this year.Final fees were paid to the administrator on June 17, and the deed of company arrangement was "wholly effectuated" on that date. On June 21, the company was reinstated to official quotation status on the Australian Securities Exchange.The company issued a business plan to coincide with its reinstatement on the ASX. It stated it would recommence its old business of renting ATMs from ATM owners, and installing and maintaining them in business premises across Australia. Revenue would come from card-holder transaction fees. The company has 20 sites, which were retained through the administration process.The company's most recent financial report shows a loss of $1.2 million, for the year to June 2013. It has net assets of just over $1 million. The statement of cash flow shows that the company received no income from customers during the year.Consideration for the acquisition includes the issuance of one million My ATM share to IWG shareholders (the stock is trading at around two cents); a cash payment of $865,694, to cover IWG's debts; and an issue of performance shares to IWG's founders. There are a number of conditions attached to the deal.