logo-loader

Invigor Group nears European big data markets with acquisition plan

Last updated: 15:30 15 Oct 2015 AEDT, First published: 14:30 15 Oct 2015 AEDT

au_acquisition_4_358_561efefbcab4f

Data analytics company Invigor Group (ASX:IVO) has moved to further enhance and internationalise its Australian product line  with plans to acquire a leading German smart media specialist.

Invigor signed a heads of agreement to acquire all the issued shares in Condat AG, a software solutions business based in Berline, which is the major provider of smart media solutions to public broadcasters.

Condat software is expected to strongly complement Invigor’s existing product offering and its development towards becoming an end-to-end big data and content distribution provider.

Condat is projecting revenue of about $7 million for 2016 with an operating EBITDA margin to exceed 15%.

The A$4.5 million acquisition will comprise $2.25 million payable in cash with the balance by an issue of Invigor shares which will be issued at $0.0 85per share.

Invigor shares were last trading at $0.08.

Of the cash component of the acquisition consideration, $500,000 will be paid at completion and $1.75 million will be deferred until December 2016 subject to a holdback of up to $800,000 for warranty claims which may arise.

Condat’s “smart media engine” allows companies to analyse semantic content. This capability will enhance Invigor’s existing contextual analysis capability and deliver better customer segmentation and targeting. It will also strengthen the Insights Visitor website monitoring platform substantially.

Analysis

The move to include Condat’s IP in its portfolio is an important value-add opportunity for Invigor since it will enable the company to achieve significant cost synergies and leverage the skill set of the German team.

Condat’s clients comprise Germany’s major public broadcasters as well as a selection of key private outlets. This offers a critical springboard for Invigor products into the European market.



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.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

10 hours, 50 minutes ago