Brief: Sidetrade Acquires US-Based Creditpoint Software

SideTrade SA

03/07/2023 07:10

July 3 (Reuters) - Sidetrade SA  ALBFR.PA :
    * SIDETRADE ACQUIRES US-BASED CREDITPOINT SOFTWARE  TO
DISRUPT B2B
CREDIT RISK MARKET
    * IN THE FISCAL YEAR 2023, CREDITPOINT SOFTWARE EXPECTS TO
BREAK
EVEN, WITH REVENUE TOPPING THE $2 MILLION MARK
    * SIDETRADE IS FINANCING THE TRANSACTION THROUGH ITS CASH
POSITION, WHICH TOTALED €36 MILLION (€12 MILLION IN TREASURY
SHARES) AS OF JUNE 30, 2023
    * ACQUISITION WILL BE MADE IN CASH FOR AN ESTIMATED €3
MILLION AND
PAID IN PART ON THE SIGNING OF THE AGREEMENT WITH THE REST
SCHEDULED FOR END-2023
    * HAS FINALIZED THE AGREEMENT

Source text: https://tinyurl.com/39nv2spn
Further company coverage:  ALBFR.PA 

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