Intouch Insight Ltd. completed the acquisition of Brand Equity Builders Inc.
October 02, 2023
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Intouch Insight Ltd. (TSXV:INX) signed an LOI to acquire Brand Equity Builders on June 2, 2023, Intouch Insight Ltd. (TSXV:INX) entered into a definitive agreement to acquire all outstanding shares of Brand Equity Builders, Inc. for $3.125 million on September 15, 2023. The purchase price for the Acquisition is a combination of cash and a promissory note. The purchase price is $3.125 million in cash of which, $1.5 million is payable at closing along with a promissory note for $0.5 million and $1.125 million is payable over the next four years based on achievement of Alta revenue targets and Ardent gross profits. Upon closing, Stanley Hart, the CEO of BEB, Alta and Ardent will be joining Intouch with a focus on assisting with revenue growth. Transaction is subject to TSX Venture Exchange approval and targeted closing date is October 1, 2023. Virginia Schweitzer of Fasken Martineau DuMoulin LLP acted as legal advisor to Intouch Insight Ltd.
Intouch Insight Ltd. (TSXV:INX) completed the acquisition of Brand Equity Builders Inc. on October 2, 2023. Fasken Martineau DuMoulin LLP acted as legal advisor to Intouch Insight Ltd.
Intouch Insight Ltd is a Canada-based company, which is engaged in offering a complete portfolio of customer experience management (CEM) products and services. The Company and its subsidiaries offer a portfolio of CEM products and solutions. These include customer surveys, mystery shopping, mobile forms, operational and compliance audits, and event marketing automation solutions. It enables clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously enhance customer experience. The Company has developed various software platforms, including IntouchIntelligence, IntouchCapture, IntouchCheck, IntouchSurvey, and a customer experience management platform, LiaCX. Its CEM platform includes customer experience management software, survey software, mobile forms automation software, mystery shopping services, operational and compliance audit services, and event marketing automation software.