The deal itself, while in line with company strategy, is slightly more expensive than expected by some analysts. Nitro Software highlighted that the transaction will allow it to assimilate e-signature capabilities into enterprise e-signing which it expects can increase the value of its total addressable market by US$11bn. The balance of raised equity will fund an additional US$5 in transaction costs and US$5m in integration costs, as well as providing additional working capital for the company.Ĭonnective is the leading e-sign software as a service business in Belgium, with a growing France market share as well as customer bases in a further eleven European countries. ![]() The transaction is set to complete for US$81m, and Nitro Software has concurrently announced a US$105m equity raising to fund the purchase. Acquisitional activity and a strong FY21 make for a positive growth outlookĪ move by Nitro Software (( NTO)) to acquire Connective has been labelled a ‘game changer’ by industry analysts despite some associated risk. The move cements the company as a global top three competitor Nitro Software entered into a binding agreement for the acquisition of Connective ![]() ![]() Young gun electronic document provider Nitro Software is turning heads with its acquisition of Connective, making it a top global player and laying the foundation for a strong growth outlook. This story features NITRO SOFTWARE LIMITED.
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