Business
Wishpond Completes Acquisition of Invigo Media Corp., a Leader in Providing Digital Marketing Solutions to Medical Clinics
Wishpond Completes Acquisition of Invigo Media Corp., a Leader in Providing Digital Marke...
About this update from Wishpond Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Wishpond Completes Acquisition of Invigo Media Corp., a Leader in Providing Digital Marketing Solutions to Medical Clinics\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./\n \n \n \n The acquisition of Invigo is immediately accretive to Wishpond, expands Wishpond's business into the medical and digital health sectors and will help to accelerate Wishpond's product roadmap.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 8, 2021\n \n /CNW/ -\n \n Wishpond Technologies Ltd.\n \n (TSXV: WISH) (\"\n \n Wishpond\n \n \" or the \"\n \n Company\n \n \"), a provider of marketing-focused online business solutions, is pleased to announce that the Company has completed its previously announced acquisition of substantially all the assets of Invigo Media Corp. and its affiliates, EverGenius LLC, and Invigo Media LLC (the \"\n \n Invigo Group\n \n \" or \"\n \n Invigo\n \n \"). Based in\n \n Surrey, BC\n \n , Invigo is a profitable and growing marketing technology and services company primarily focused on serving medical clinics. Over the last six months Invigo has achieved an annualized revenue run-rate of approximately\n \n $2.7M\n \n and EBITDA\n \n (1)\n \n margins exceeding 20%. Invigo's sales have been growing at over 20% compound annual growth rate over the past three years.\n \n \n \n \n \n \n \n \n \n \"We are pleased to welcome\n \n Bob Mangat\n \n and the Invigo team of highly specialized medical marketing experts to the Wishpond family,\" said Ali Tajskandar, Wishpond's Chairman and CEO. \"We share the same overarching goal of making digital marketing accessible for small-to-medium-sized businesses and helping them achieve success online. Furthermore, we are delighted to have chosen Invigo as Wishpond's first acquisition which is in line with our strategy to grow inorganically through tuck-in acquisitions of marketing & sales technology companies and marketing agencies.\"\n \n \n Found...