GrowthOps Looks To Diversify Their Portfolio Of Services With The Acquisition Of Xperior Tenant Portal Software

GrowthOps Looks To Diversify Their Portfolio Of Services With The Acquisition Of Xperior Tenant Portal Software

Trimantium GrowthOps Limited (ASX: TGO) provides integrated advice and operational implementation services. The Company offers services across brand strategy, advertising, cloud technology, and management consulting. Trimantium GrowthOps serves clients in Australia and Asia.

The company has via a recent ASX release stated that they are done with the acquisition of the Xperior’s software business from the Xperior group Pty Ltd. The latter company provides software and services to commercial property groups and buildings across Australia and New Zealand, which is delivered under the ‘Xperior’ trading name. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

GrowthOps will initially pay a consideration of $4 million at the completion of acquisition to the Xperior Group Pty Ltd. The consideration would be paid, 50% in cash and 50% in fully paid ordinary shares. For the equity part of the Purchase Price, GrowthOps will issue 2.0 million of new ordinary shares as on today (i.e., 24 December 2018) to Xperior Group Pty Ltd. Xperior Group Pty Ltd has agreed to enter into a voluntary escrow arrangement for two years in relation to those shares. Based on Xperior’s operating performance in the calendar year 2020, Xperior Group Pty Ltd is eligible to receive additional consideration (50% in cash and 50% in TGO shares, up to an aggregate cap for any future share consideration of 3.7 million shares).

Xperior provides commercial property managers with a digital representation of their buildings, managed through a web portal. This seamlessly connects their tenants with services and amenities. As the workplace evolves and tenants expect more engagement from their office space, this type of technology can help the commercial properties.

As a market-leading product in the high-growth area of ‘smart buildings,’ Xperior provides GrowthOps with a compelling entry into a new growth sector. The Xperior, in combination with other GrowthOps growth services, is expected to add significant value to clients in the commercial property industry across the Asia Pacific region. The Company’s Board and Management team believe that the acquisition is well-aligned to the company’s strategic objective of diversifying its revenue streams into the market-proven products and expect that it will be immediately earnings-accretive.

The company’s Managing Director, Phillip Kingston, said that the firm is building a portfolio of proven technology products that complement the skills that the company’s people already deliver to their clients. The company’s mission is to grow the clients’ businesses and to help them compete against global market participants. Xperior will help the company to do that even more innovatively for the clients in the commercial property space.”

Meanwhile, the share price of the company has fallen by 39.85 percent in the past six months as on 21 December 2018. TGO’s shares traded at $0.80 with the market capitalization of circa $88.85 Million as on 24 December 2018.


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