NetworkNewsBreaks – Victory Square Technologies
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Posted On: 07/24/2018 6:27:09 PM
NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) Enters Definitive Agreement to Acquire Stake in Cloud Benefit Solutions Inc.
Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8), a venture builder that creates, funds and empowers entrepreneurs, this morning announced that it will acquire 15% percent of all issued and outstanding shares of Cloud Benefit Solutions Inc. (“Cloud Advisors”) for $300,000 CAD in total consideration, subject to all requisite regulatory approvals. Cloud Advisors is an established and rapidly growing Software-as-a-Service (SaaS) platform within the group life and health insurance industry. The purchase price will be paid by the company through cash installments, pursuant to a definitive share purchase agreement to be executed between Victory Square and Cloud Advisors. “Cloud Advisors already brings superior, unrivaled data analytics, and decision-making software to the insurance brokerage space, which provides the end-client with a tailored experience,” Victory Square CEO Shafin Diamond Tejani stated in the news release. “On the other hand, our Victory Square shareholders will see that same value being added to their portfolio, accompanied by strong sales, margins, and growth rates for years to come.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8), a venture builder that creates, funds and empowers entrepreneurs, this morning announced that it will acquire 15% percent of all issued and outstanding shares of Cloud Benefit Solutions Inc. (“Cloud Advisors”) for $300,000 CAD in total consideration, subject to all requisite regulatory approvals. Cloud Advisors is an established and rapidly growing Software-as-a-Service (SaaS) platform within the group life and health insurance industry. The purchase price will be paid by the company through cash installments, pursuant to a definitive share purchase agreement to be executed between Victory Square and Cloud Advisors. “Cloud Advisors already brings superior, unrivaled data analytics, and decision-making software to the insurance brokerage space, which provides the end-client with a tailored experience,” Victory Square CEO Shafin Diamond Tejani stated in the news release. “On the other hand, our Victory Square shareholders will see that same value being added to their portfolio, accompanied by strong sales, margins, and growth rates for years to come.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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