FinTechFunding

Damstra: Completes $18m TIKS Solutions buy

Damstra Completes $18m TIKS Solutions buy

  • Damstra (DTC) completes the acquisition of software-as-a-service (SaaS) business, TIKS Solutions
  • The company says the $18 million buy is a “natural fit” as TIKS aligns with DTC’s offering and is set to expand its business in Australia and internationally
  • The company has paid $2.5 million in cash and $12 million worth of shares priced at $1 each
  • The remaining $3.5 million payment is deferred
  • Company shares end the day 1.12 per cent up to trade at 90 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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