Q5Group's services include finance and accounting staffing, according to its Web site.

The deal closed Aug. 31, according to a filing with the U.S. Securities and Exchange Commission.

Premier Alliance will pay $200,000 in cash plus provide common stock equal to $800,000 for Premier Alliance, according to the filing.

Premier Alliance will provide the first $125,000 in cash and $500,000 in shares of the purchase amount within 10 days of closing. The remainder will be paid based on performance.

If Q5Group generates at least $4.0 million in revenue 13 months after closing, then Premier Alliance will issue the sellers $150,000 more in shares. If Q5Group also meets a minimum of 30% gross margin 13 months after closing, then Premier Alliance will pay the remaining $75,000 in cash and $150,000 in stock.