ZenaTech Completes ESM Software Acquisition, Adding Compliance and Strategy Tools to SaaS Portfolio
ZENA sits 58% above its 52-week low of $1.15 on light trading volume (0.2× avg).
Summary
ZenaTech has completed its acquisition of ESM Software, a Boston-based strategy execution and performance management company. ESM brings over 8,000 users and 25+ years of operations, serving government, healthcare, and financial services customers. This is the 13th addition to ZenaTech's SaaS portfolio and is expected to integrate into the beta-stage Zoo Office platform. The deal adds recurring revenue and multi-year customer relationships, strengthening ZenaTech's enterprise SaaS division. No financial terms were disclosed.
At the time of this announcement, ZENA was trading at $1.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $161.7M. The 52-week trading range was $1.15 to $7.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.