ReadyTech Holdings Limited (ASX: RDY) has announced the strategic acquisitions of two businesses in the employment segment. These businesses include Zambion & WageLink for a total consideration of $12 million.
- $6.3 million of the total consideration is conditional on Zambion meeting recurring revenue targets.
- Zambion is based in New Zealand & Australia, and WageLink is based in South Australia.
- Acquisitions provide complementary technologies, capabilities & new customer base.
By 12:50 PM AEST, RDY was trading at $1.82, up by 5.81% relative to the last close.