Brief: Zenvia Announces Acquisition Of SenseData

Zenvia

01/11/2021 22:17

Nov 1 (Reuters) - Zenvia Inc  ZENV.O :
    * ZENVIA ANNOUNCES ACQUISITION OF SENSEDATA
    * ZENVIA - TERMS INCLUDE ABOUT 40% IN CASH UP FRONT, 50% IN
EARN-OUT CASH BASED ON ACHIEVEMENT OF GROSS PROFIT MILESTONES BY
SENSEDATA UNTIL Q4 2023
    * ZENVIA INC - SENSEDATA FORMER CONTROLLING SHAREHOLDERS
WILL ALSO
RECEIVE 10% OF CONSIDERATION IN ZENVIA'S CLASS A COMMON SHARES
    * ZENVIA INC - MATEUS PESTANA, SENSEDATA CEO, WILL REMAIN IN
OPERATION OF SENSEDATA BUSINESS ALONG WITH ITS TEAM
    * ZENVIA INC - ESTIMATES ACQUISITION TO BE DONE AT A
MULTIPLE OF
2.2X EV/SALES 2023 AT END OF EARN-OUT PERIOD

Source text for Eikon:  ID:nCNWdDcKga 
Further company coverage:  ZENV.O 

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