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