Sidetrade signs binding agreements to acquire 100% of ezyCollect, leading Order-to-Cash player in Asia-Pacific

Core Insights - Sidetrade has signed binding agreements to acquire 100% of ezyCollect, enhancing its global expansion strategy and presence in the Asia-Pacific region [1][19] - The acquisition positions Sidetrade as a leader in Order-to-Cash solutions across three continents, leveraging ezyCollect's established market presence in Australia and New Zealand [2][10] Company Overview - ezyCollect, founded in 2014, specializes in Order-to-Cash solutions for small and mid-sized businesses, managing A$19 billion in B2B receivables with over 1,100 clients [4][26] - ezyCollect has demonstrated strong performance, with clients typically seeing a 40% reduction in late payments and an 80% decrease in bad debt within 90 days [5] Financial Projections - ezyCollect expects revenue of approximately A$14 million (around €8 million) for the 2025 calendar year, reflecting a 28% increase from 2024 [5] - Projected revenue for ezyCollect in 2026 is A$18 million (just over €10 million), indicating a growth rate of 29% [6] Strategic Importance - The acquisition allows Sidetrade to enhance its capabilities in the Asia-Pacific region, which is expected to contribute nearly 13% of the Group's consolidated revenue by 2026 [8] - ezyCollect's integration will enable Sidetrade to offer two complementary O2C solutions, targeting both large enterprises and mid-market companies [14] Technological Advancements - The integration of ezyCollect's payment digitalization module into Sidetrade's platform will enhance its electronic payment capabilities, positioning the company at the forefront of the digital B2B payments revolution [17][18] - Sidetrade's agentic AI, Aimie, will provide ezyCollect customers with enterprise-level capabilities, improving efficiency and cash flow management without increasing headcount [13][14] Acquisition Details - The acquisition is valued at approximately €37 million, marking Sidetrade's largest acquisition to date [19] - The transaction will be financed through a combination of available cash resources and a long-term bank loan facility of €25 million [21]