This Slide: #44 of 76 |
Slide #44. Issuer Direct Corporation — PrecisionIR Group, Inc.
Acquirer:
Issuer Direct Corporation (AMEX:ISDR)
Acquiree:
PrecisionIR Group, Inc.
Details:
Issuer Direct Corporation (OTCBB: ISDR) (the "Company" or "Issuer Direct"), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, has acquired Richmond, Virginia based PrecisionIR Group, Inc., a leading provider of online investor relations and web-based corporate communications solutions to companies worldwide. Issuer Direct acquired all of the common stock of Precision IR Group, Inc. in exchange for cash proceeds of approximately $3.45 million. The transaction closed effective August 22, 2013. The Company expects revenue to more than double as a result of this acquisition and for the acquisition to be accretive in EBITDA in the first 12 months.
Issuer Direct is a communications and compliance company providing solutions for both public relations and investor relations personnel. Co.'s platform consists of various Communications and Compliance modules that companies and customers utilize every quarter. Co.'s Communications platform consists of its press release distribution businesses branded as ACCESSWIRE and Newswire, its webcasting and events business, conference and events software, as well as its investor relations website technology. Co.'s Compliance offerings consist of its disclosure software for financial reporting, stock transfer services, and related annual meeting, print and shareholder distribution services.
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