NowVertical Group Enters into Definitive Agreements to Acquire UK-Based Acrotrend and Smartlytics

NowVertical Group Inc., the VI software and solutions company, is pleased to announce that it has entered into a definitive agreement to acquire 100% of the issued and outstanding securities of two U.K. based data analytics solution providers, (the“Acquisitions”), Acrotrend Solutions (“Acrotrend”) and Smartlytics Consultancy (“Smartlytics”) for total gross consideration of US$6.45 million (the “Purchase Price”), subject to customary post-closing adjustments. The Acquisitions are expected to increase NOW’s Revenues by approximately US$6.1 million and Adjusted EBITDA by approximately US$1.9 million for the trailing 12-month period (unaudited), pre-synergies.

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“The acquisitions announced today represent NOW’s 10th and 11th made to date,” said Daren Trousdell, Chairman & CEO of NOW. “Our vision since the beginning has been to create an efficient capital allocator that combines solid organic and inorganic growth for the long term. These companies are excellent examples of how we are creating value for investors. The addition of the Acrotrend and Smartlytics teams will help accelerate and grow our expected positive Adjusted EBITDA and add additional opportunities for further organic growth in the UK, a key market for NOW. They also set the stage for our next round of acquisitions that, under the NOW banner, will help customers realize the potential of Vertical Intelligence.”

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AcrotrendAcrotrend Solutionscapital allocatorCompaniesCustomersdata analytics solutionmarketNewsNowVertical Grouporganic and inorganic growthSmartlyticsSmartlytics Consultancyvertical intelligenceVI software and solutions company