London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lovely stuff - an "immediately significantly earnings enhancing" acquisition spreading IMO's reach further into North America:
Https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IMO/13702705.html
"3 July 2018
("IMImobile" or the "Company" or the "Group")
Cloud communications software specialist IMImobile to acquire Impact Mobile
London, 3 July 2018 - IMImobile PLC, a global cloud communications software and solutions provider, is pleased to announce it has agreed to acquire Impact Mobile Inc. ("Impact Mobile"), Canada's leading provider of end-to-end mobile engagement solutions from Dealnet Capital Corporation, a Canadian listed consumer finance company (the "Acquisition"). The Acquisition is highly complementary to IMImobile's product set and customer base and is expected to be immediately significantly earnings enhancing for the Group. Impact Mobile's existing reach into the US market is also highly appealing and the Acquisition provides further opportunity to strengthen the Group's position in this market.
Highlights
· Impact Mobile provides a full range of software solutions and services to mobile operators, retailers, SMS aggregators, government agencies and major household brands across Canada and the United States.
· In addition to a comprehensive range of mobile solutions, Impact Mobile's JumpTXT platform adds significant value to clients by helping them to meet regulatory compliance requirements, providing mobile engagement capabilities and supplying carrier grade messaging infrastructure.
· Initial cash consideration of C$25 million (£14.4 million) payable in full on completion, and deferred cash consideration of C$2.5 million (£1.4 million) payable in full six months after completion. The Acquisition will be funded from the Company's existing cash resources and a committed £10 million term loan facility from Silicon Valley Bank.
· The Acquisition is expected to be immediately significantly earnings enhancing with a positive impact on Group earnings for the year ending 31 March 2019.
· Impact Mobile's customer and product portfolio is highly complementary to IMImobile's existing products and solutions, providing significant cross-sell and up-sell opportunities.
Commenting on the Acquisition Jay Patel, Chief Executive Officer of IMImobile said:
"We are delighted with the acquisition of Impact Mobile. As with our previous acquisitions, this combination allows us to extend the distribution of our software into an established and growing customer base.
We look forward to working with the experienced Impact Mobile team and expanding our footprint across North America."
Background to and reasons for the Acquisition
Impact Mobile meets IMImobile's consistent and disciplined acquisition criteria. It has long-standing, established relationships with mobile operators, government organisations and enterprise customers across North America, and holds a market