Business
Sylogist Accelerates Growth with Acquisition of Pavliks
Sylogist Accelerates Growth with Acquisition of Pavliks PR Newswire C...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n \n \n \n Sylogist Accelerates Growth with Acquisition of Pavliks\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 18, 2021\n \n /PRNewswire/ -\n \n Sylogist Ltd.\n \n (TSX: SYZ)\n \n \n (\"Sylogist\" or the \"Company\") is pleased to announce the acquisition of The Pavlik Group Inc. and affiliated entities (\"Pavliks\"), a provider of proprietary SaaS applications and professional services primarily to public sector organizations and member associations. Pursuant to the transaction, which closed on\n \n October 18th, 2021\n \n , Sylogist acquired all the shares of Pavliks for\n \n $11.5 million\n \n (CAD), subject to working capital adjustments. With historical growth averaging 20% per year, Pavliks is tracking toward current year revenue of\n \n $9.4 million\n \n and Adjusted EBITDA of\n \n $1.6 million\n \n , materially expanding Sylogist's scale and growth profile.\n \n \n \n \n \n \n \n \n \n The Portal Connector (\"TPC\") business unit offers a fast growing, modern, low/no code, acclaimed solution enabling clients to build and integrate customer-facing web applications with Microsoft Dynamics. This innovative TPC solution has grown in excess of 40% annually in recent years to now generate approximately one third of Pavliks' total revenue from a global clientele, including marquee customers such as the Australian federal government. Sylogist plans to fast-track TPC's out-of-the-box integration beyond Microsoft databases and invest in its direct and channel sales capacity to enhance its already impressive growth. In addition, TPC presents material cross-sell and add-on platform enhancement opportunities across the entire Sylogist customer base. Pavliks' other business units include expert Microsoft Dynamics development and implementation services focused mainly on public sector entities and member associations, and managed services, including coveted cybersecurity and cloud productivity. All Pavliks' activities are highly strategic and synergistic with Sylogist's platform offerings and growth stra...