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ReadyTech rejects $2 per share takeover proposal from Total Specific Solutions
SYDNEY: ReadyTech Holdings Limited said Monday it has rejected an unsolicited, non-binding indicative proposal from Total Specific Solutions to acquire 100% of the company for $2 per share in cash, along with a parallel off-market bid at $1.75 per share. The board determined to reject the proposal, stating it does not reflect the company’s inherent value in a…
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ReadyTech to acquire IT Vision at an upfront consideration of $23.1
SYDNEY, AUSTRALIA: ReadyTech Holdings has signed an agreement to acquire IT Vision, a specialist provider of local government focused technology. Upfront consideration of $23.1 million will be paid using a combination of 50% cash and 50% shares. Earnout consideration up to an additional $31.5 million (payable in cash and/or, subject to shareholder approval, ReadyTech…
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ReadyTech buys student management software business, Avaxa
MELBOURNE, AUSTRALIA: ReadyTech Holdings Limited has acquired Avaxa, a specialist enterprise student management software business, for a total consideration of $2.2 million. ReadyTech is a leading SaaS business focused on providing next generation cloud-based software to customers within the education, employment, government and justice sectors. Acquisition of this enterprise student management software business will…
