Vertoz to Acquire Webimax LLC, Strengthening Global Digital Marketing
Vertoz Limited's subsidiary, Vertoz Inc., to acquire 100% of Webimax LLC. The acquisition is expected to add approximately US$ 9.5 million revenues and ₹17 crore of annualized PAT to Vertoz.
The acquisition of Webimax is expected to significantly increase Vertoz's revenue and PAT, and strengthen its position in the global digital marketing landscape, indicating a high impact.
The announcement highlights a strategic acquisition that is expected to increase revenue and profit after tax (PAT) for Vertoz, which is a positive indicator. The management commentary is also optimistic.
* Vertoz Limited's subsidiary, Vertoz Inc. (USA), has signed an agreement to acquire 100% of Webimax LLC (USA). * Vertoz will acquire 80% stake upfront for USD 5.28 million (approximately ₹43.86 crore), which includes a contingent earn-out of up to USD 0.4M (approximately ₹3.52 crore). * The remaining 20% will be acquired over the next three years, linked to performance milestones. * The transaction values Webimax at a total enterprise value of USD 6.6 million. * Webimax generated revenues of approximately US $ 12 million in CY24, with an adjusted EBITDA of US $ 2.4 million and adjusted PAT of approximately US $ 1.8 million. * 75% of the purchase consideration is funded through debt, and 25% from Vertoz's internal cash flow. * The acquisition may add approximately US$ 9.5 million (approximately ₹79.07 crore) revenues and approximately ₹17 crore of annualized PAT to Vertoz. * Ashish Shah, Director, Vertoz Limited, said: "We are delighted to welcome Webimax into the Vertoz family. This acquisition not only strengthens our position in the competitive digital marketing landscape globally and significantly amplifies our capabilities in the US market. Webimax s expertise and values align perfectly with ours, enabling us to deliver broader, connected, and more relevant digital solutions to our clients." * The agreement is expected to be completed within 90 days.
What to do with a filing like this
Vertoz Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Vertoz Limited. Read the original for the full detail.