BTH 3.03% 17.0¢ bigtincan holdings limited

I listened in to the call, this is a well structured deal with a...

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  1. 980 Posts.
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    I listened in to the call, this is a well structured deal with a complementary business. BigTinCan have been eyeing off this acquisition for a few years.

    A few points from the call:
    - Acquiring a Micro-learning site which enables companies to deliver training courses to salespeople via mobile and web https://www.zunos.com/microlearning
    - Existing customer base of Fortune 100 customers including American Airlines. Some companies overlap.
    - $3M in reoccurring revenue, opportunity to upsell to existing Hub customers globally.
    - Deal is a $3.5M upfront payment, then over the next two financial years a payment of 1.5x revenue and 1x revenue. This ensures Zunos are committed in accelerating their growth and we also retain key personell.
    - A SPP will be announced for existing retail holders.

    Overall a very promising deal which sets up BigTinCan for continued growth. In a market full of zero revenue companies its only a matter of time before the market takes notice and values BTH considerably higher.
 
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17.0¢ 17.5¢ 16.8¢ $54.06K 318.1K

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