3rd Jul 2018 09:41
LONDON (Alliance News) - Cloud communications software provider IMImobile PLC said Tuesday it has bought end-to-end mobile engagement solutions provider Impact Mobile Inc from Dealnet Capital Corp.
IMImobile shares were trading 5.0% higher on Tuesday morning at 272 pence each.
Impact Mobile provides software solutions to mobile operators, retailers and government agencies in the US and Canada, the company said.
The acquisition has an initial cash consideration of CAD25 million, equivalent to GBP14.4 million, and a deferred consideration of CAD2.5 million.
The company expects the acquisition to be "immediately significantly earnings enhancing".
Related Shares:
IMO.L