- Converge Technology Solutions ( OTCQX:CTSDF ) said Monday it acquired Canada-based Newcomp Analytics , which provides analytics solutions to companies, for C$20.3M in cash paid at closing.
- Positive net working capital will also be paid out at closing.
- Purchase multiple would be ~6x adj. EBITDA for the trailing 12-month period ended Jul. 31.
- The acquisition is expected to be immediately accretive to CTSDF, resulting in increased revenue and adj. EBITDA.
- Newcomp Analytics offers advisory and development services, along with managed analytics and analytic bootcamps.
For further details see:
Converge Technology Solutions acquires Newcomp Analytics for C$20.3M