Australia's Nuix climbs on Rampiva acquisition
23/05/2023 04:44
** Shares of Nuix Ltd NXL.AX rise as much as 3% to A$1.030
** The software co says it has entered an agreement to buy
its automation partner Rampiva urn:newsml:reuters.com:*:nFWN37J1U8
** Says initial cost of acquisition is about $2 mln in cash
and $2 mln in Nuix shares
** Adds that up to further $3 mln in Nuix shares will be
issued if Rampiva achieves annual contract value growth and cost
management milestones in the three years post acquisition
** Stock has risen 60% this year, as of last close
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))