Kingsway Financial (KFS) Services announced that its wholly-owned subsidiary Systems Products International has acquired @Work International or “ViewPoint”, a cloud native timeshare software firm headquartered in Mount Waverley, Australia, from RCI Pacific. The acquisition advances SPI Software’s leadership in the vacation ownership software market and positions the company to serve an even broader global client base with innovative, cloud-based solutions. The transaction is immediately accretive to Kingsway’s Adjusted EBITDA. Financial terms were not disclosed.
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