SYDNEY, AUSTRALIA: Bigtincan Holdings Limited (ASX: BTH) has acquired Vidinoti SA, a Swiss based leader in AR/VR technology for $0.77 million, a news release said.
Vidinoti has developed a comprehensive suite of tools to create, deploy and manage augmented reality content including V-Director, V-Player and the Vidinoti SDK.
Vidinoti holds patents in core areas of technology that will further advance Bigtincan’s leadership in this important technology sphere.
The Vidinoti team brings over 10 years of experience in AR and localisation technologies, with more than 50 projects across a diverse range of industries.
“We have been collaborating with the Vidinoti team for some time and I am delighted that we could now bring our companies together to accelerate development in this exciting space for enterprise usecases,” said David Keane, CEO and Co-Founder of Bigtincan.
The Company has entered into a binding Share Purchase Agreement (SPA), with the shareholders of Vidinoti to acquire 100 per cent of the issued capital of Vidinoti.
Consideration for the acquisition is $770,000 subject to adjustments for working capital and net debt. The consideration will be 50 per cent cash and 50 per cent equity.
The cash component will be paid at closing of the acquisition and will be funded from existing cash reserves. The share component will be the issue of fully paid ordinary shares in Bigtincan to the value of 275,000 Swiss francs.
Bigtincan (ASX: BTH) helps sales and service teams increase win rates and customer satisfaction. The company’s mobile, AI-powered sales enablement automation platform features the industry’s premier user experience that empowers reps to more effectively engage with customers and prospects and encourages team-wide adoption.
Leading brands including AT&T, Thermo Fisher, Merck, ANZ Bank and others rely on Bigtincan to enhance sales productivity and fuel customer engagement. With global sales and marketing headquartered in Boston, Bigtincan also has offices across EMEA, Australia and Asia.
Bigtincan Holdings Ltd
1.02 AUD −0.015 (1.45 per cent ) today
16 Jun, 4:10 pm GMT+10 · Disclaimer
ASX: BTH
Leave a Reply