Avanquest Software buys 50.1% stake in our group: adaware, Lulu software, Upclick.
I am super happy to announce that this week represents a culmination of a long process with our friends at Avanquest. After more than 10 years of working closely together, the companies have agreed to merge with Avanquest buying a controlling stake in our 3 businesses.
This deal values the 3 acquisitions at a total value of $95M USD.
The scale of their business, their large portfolio of software tiles, distribution and ability to grow by acquisitions will enable our companies to scale much faster – with a goal to double our revenues within the next 2 years.
We look forward to working with the whole team there and beginning this exciting new chapter for all.
I thank our clients, consumers, employees and partners for participating in our growth and our success over the last few years.
For more information, click on this link: https://ca.advfn.com/p.php?pid=nmona&article=77034949