Nuvini Group Limited (NVNI) has agreed to acquire a controlling interest in Beyondsoft's American subsidiary for $80.7 million, aiming to boost revenue and expand its market presence.
- Nuvini acquires 51% of Beyondsoft's U.S. subsidiary for $80.7 million.
- The deal is expected to boost Nuvini's revenue, earnings, and EBITDA margins.
- The acquisition combines Nuvini's SaaS portfolio with Target's IT consulting services.
- The transaction includes two equal installments, with payments due in 2026 and 2029.
- Beyondsoft retains a 49% minority stake in the acquired unit.
- The combined entity is projected to generate $148 million in FY 2025 pro forma revenues.
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