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Novatti Group ( (AU:NOV) ) has shared an announcement.
Novatti Group Limited has sold its Emersion business to CGP Equity for $500,000 as part of a strategic review aimed at streamlining operations and focusing on core growth areas. This divestment allows Novatti to concentrate on scaling its core payments infrastructure, aligning resources with its long-term financial goals, and enhancing shareholder returns, while CGP Equity is well-positioned to drive Emersion’s growth in the managed service provider and telecommunications sector.
More about Novatti Group
Novatti Group Limited is a leading Australian payments company established in 1995, offering a comprehensive range of payment solutions tailored for fintechs and corporates in a rapidly evolving digital landscape. The company simplifies customer payment needs through online, in-person, international, and card solutions.
Average Trading Volume: 926,991
Technical Sentiment Signal: Sell
Current Market Cap: A$18.48M
Learn more about NOV stock on TipRanks’ Stock Analysis page.