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Crossrider buys PC mainatainance software from eSupport.com for £1m

Mon, 24th Oct 2016 09:30

(ShareCast News) - Online distribution and digital product company Crossrider bought PC maintenance software, DriverAgent, from eSupport.com for $1m.The bolt-on acquisition is in line with the AIM listed company's strategy to strengthen its business to customer reach in order to operate as a digital distribution and product hub utilising existing technology and intellectual property.Prior to the acquisition, the company promoted it on its app distribution platform, which resulted in a 125% increase in revenue and doubling the gross profit when compared with the monthly average profit before the launch on the app, which the company said indicated that DriverAgent can be integrated quickly and profitably.DriverAgent, a device driver search and update service which scans computers, tablets and mobile devices for outdated drivers on all Microsoft Windows operating systems, has been downloaded more than 50m times since 2006.Ido Erlichman, chief executive of Crossrider, said the company's expertise has always been in driving and monetising online traffic and by concentrating on developing and growing its app distribution hub that the company will create the greatest value for shareholders."Launching - and acquiring - new online products to leverage our distribution funnel is one of the means by which we will do this, and this acquisition is the first step on the journey."Shares in Crossrider were up 4.71% to 36.65p at 0903 BST.
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Crossrider appoints new CFO

(ShareCast News) - Crossrider, the online distribution and digital product company, has appointed Moran Laufer as its chief financial officer with immediate effect. Laufer has been granted 634,950 ordinary share options as part of the appointment, which are exercisable at a price of 36,5p per share.

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24 Oct 2016 08:18

Crossrider Buys PC Maintenance Product DriverAgent For USD1 Million

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19 Aug 2016 08:05

Crossrider appoints Moran Laufer as acting CFO

(ShareCast News) - AIM-listed Crossrider has appointed Moran Laufer as acting chief financial officer. Laufer joined the company as group financial controller in 2012, prior to which he was a divisional controller at global payments services provider SafeCharge. Crossrider said Laufer has completed

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19 Aug 2016 06:18

Crossrider Makes Moran Laufer Acting Chief Financial Officer

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31 May 2016 08:26

Crossrider Appoints New CEO; CFO Leaving To Join Amino Technologies

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17 May 2016 12:20

Crossrider shares tank after board warns on earnings

(ShareCast News) - Digital advertising platform creator Crossrider watched its shares nosedive on Tuesday, after the company issued a stark profit warning affecting its core products. The AIM-traded company said that since its last trading update on 15 March, structural changes in its markets have n

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17 May 2016 09:40

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17 May 2016 07:45

Crossrider Warns Earnings And Revenue To Be Down 25% On Previous Year

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12 May 2016 15:16

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15 Mar 2016 09:15

Crossrider Loss Widens On Revenue Mix But Confident On 2016

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1 Feb 2016 09:15

Crossrider expects only modest improvement in 2016

(ShareCast News) - Crossrider shares were under pressure after the digital advertising platform said it expects 2016 results to be only modestly ahead of the previous year and announced the resignation of its chief executive officer. The company said trading in the period since the interim results h

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1 Feb 2016 09:04

Crossrider CEO Resigns As Company Foresees Subdued Growth In 2016

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