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An update from WeCommerce Holdings Ltd. Class A ( (TSE:TINY) ) is now available.
Tiny Ltd. has announced the acquisition of a 66% stake in Serato, a global leader in DJ software, for $66 million. This acquisition is expected to significantly enhance Tiny’s software portfolio, increasing its annual recurring revenue by 68% and boosting its adjusted EBITDA by approximately 45%. The acquisition aligns with Tiny’s strategy to expand its portfolio with profitable software businesses and accelerate growth through strategic collaboration with Serato’s management team. Additionally, Tiny reports strong preliminary Q4 results with improved operational efficiency and reduced net debt, maintaining a focus on further debt reduction.
More about WeCommerce Holdings Ltd. Class A
Tiny Ltd. is a Canadian technology holding company focused on acquiring and managing successful businesses for the long term. The company aims to build a diversified portfolio of technology businesses with strong recurring revenue, organic growth, and profitability.
YTD Price Performance: -16.67%
Average Trading Volume: 21,516
Technical Sentiment Signal: Buy
Current Market Cap: C$234.4M
Learn more about TINY stock on TipRanks’ Stock Analysis page.