Business
Wishpond to Acquire Invigo Media Corp. - a Profitable and Growing Marketing Technology and Services Company
Wishpond to Acquire Invigo Media Corp. - a Profitable and Growing Marketing Technology an...
About this update from Wishpond Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Wishpond to Acquire Invigo Media Corp. - a Profitable and Growing Marketing Technology and Services Company\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.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpl6{\nPADDING-LEFT:0.50em\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 Invigo acquisition is expected to add\n \n $2.7M\n \n in annual revenue at EBITDA margins exceeding 20%\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 22, 2020\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 it has entered into an arm's length asset purchase agreement dated\n \n December 22, 2020\n \n (the \"\n \n Agreement\n \n \") with Invigo Media Corp. and its affiliates, EverGenius LLC, Invigo Media LLC (the \"\n \n Invigo Group\n \n \" or \"\n \n Invigo\n \n \") and their sole shareholder and founder,\n \n Balhar (Bob) Singh Mangat\n \n , whereby Wishpond has indirectly agreed to acquire substantially all of the assets of the Invigo Group (the \"\n \n Transaction\n \n \"). Based out of\n \n Surrey\n \n , B.C., Invigo is a software-as-a-service (SaaS) company providing technology and digital marketing services to medical and related businesses in\n \n Canada\n \n and\n \n the United States\n \n .\n \n \n \n \n \n \n \n \n \n \"We are very pleased with the proposed acquisition of the Invigo Group as it opens the doors to a very attractive vertical in the medical and digital health related sectors for Wishpond...