Australia's ReadyTech Holdings hits record high on Avaxa acquisition

Readytech Holdings

27/09/2021 04:12

** Shares of the Australian software co  RDY.AX  rise as
much as 5.6% to a lifetime high of A$3.58
    ** Co announces acquisition of specialist enterprise student
management software business Avaxa for A$2.2 mln ($1.60 mln)
 urn:newsml:reuters.com:*:nFWN2QR0BJ
    ** RDY expects the transaction to deliver incremental
recurring revenue of about A$670,000 in FY21
    ** About 95,000 shares change hands vs the 30-day average
volume of nearly 83,200 shares
    ** Up to last close, stock had risen 62% YTD
    
($1 = 1.3778 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))