8common to acquire Clicksold and RealPageMaker


8common Limited (ASX:8CO) has signed a Sale and Purchase agreement to acquire an established Real Estate Content Management Solutions provider.

The acquisition is expected to be completed by 8th May.

The acquisition will broaen 8common's North American client footprint to around 3,000 clients and is will drive strong up-sell opportunities.

It adds an important product platform WordPress offering for Asian client expansion, and additional products in the form of maps and IDX tool.

The acquisition should contribute $500,000 revenue and $200,000 EBITDA to the group annually, and be earnings accretive from the first year.

Consideration is a maximum C$850,000 made up of C$617,000 upfront, with the remainder being deferred amounts subject to future performance targets.

The acquisition is funded via the issuance of unsecured redeemable convertible notes from various sophisticated investors, including directors and management of 8common.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: 8common

Price: 0.077 AUD

Market: ASX
Market Cap: $14.08 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: RPM Automotive announces keys appointments and growth...

RPM Automotive Group Ltd (ASX:RPM) managing director Clive Finkelstein and newly appointed non-executive director Alex Goodman update Proactive on a number of key appointments to the board since the company listed on the ASX late year. The MD spoke about the key successes and challenges...

20 minutes ago

2 min read