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NowVertical Announces Agreement to Defer Payment of Amounts to Affinio Sellers, Demonstrating Continued Support
NOWServiceNow(NOW) GlobeNewswire·2025-02-03 13:00

Core Insights - NowVertical Group Inc. has successfully negotiated a deferral of USD 998,000inoutstandingliabilitieswiththesellersofAffinioInc.,demonstratingconfidenceinitsstrategicdirection[1][2]ThedeferralallowsNowVerticaltofocusonitsorganicgrowthinitiatives,aimingforarevenuerunrateofUSD998,000 in outstanding liabilities with the sellers of Affinio Inc., demonstrating confidence in its strategic direction [1][2] - The deferral allows NowVertical to focus on its organic growth initiatives, aiming for a revenue run rate of USD 50 million and a 20% EBITDA margin [2] Company Overview - NowVertical is a global data and analytics company that transforms data into business value using AI, offering a comprehensive suite of solutions and services [3] - The company is focused on organic growth and strategic acquisitions to enhance its market position and drive measurable outcomes for clients [3]