I3 Verticals: Rises on buying two software companies

i3 Verticals

05/04/2021 15:32

** Shares of payment processor  IIIV.O  up 1.5% at $32.12 in
early trading
    ** IIIV announces April 1 acquisition of two software
companies, which would strengthen co's focus on its healthcare
vertical  urn:newsml:reuters.com:*:nBw1yTlLJa
    ** First acquisition is of a co that provides software and
services primarily to healthcare customers, while the second is
a business that offers medical practice management software and
solutions 
    ** Aggregate cash consideration paid at closing for the two
deals was $17.4 mln
    ** Including the session's gains, stock down ~3.5% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))