Workflow
Customer Engagement
icon
Search documents
Diginex Provides Update on Acquisition Strategy
Globenewswire· 2025-09-24 20:05
Acquisition Strategy Overview - Diginex Limited is actively pursuing an acquisition strategy to enhance its Sustainability RegTech solutions, with recent agreements to acquire Matter, Resulticks, and Findings [1][2][10]. Acquisition of Matter - Diginex signed a definitive agreement on August 18, 2025, for an all-share acquisition of Matter, valuing the company at $13 million, to be paid through the issuance of Diginex ordinary shares at $83.77 per share, subject to an 18-month lock-up period [2][3]. - The transaction will involve the issuance of 1,241,496 ordinary shares, with 85% issued at closing and 15% after 12 months, along with additional shares valued at $2.5 million for Matter's senior management [3]. - Diginex has advanced Matter €500,000 for working capital, which will be treated as an intercompany loan post-acquisition [4]. Acquisition of Resulticks - Diginex announced a Memorandum of Understanding (MOU) on June 5, 2025, for a cash and share acquisition of Resulticks, valuing the company at $2 billion [5][6]. - The payment structure includes $1.4 billion in Diginex shares at $72 per share, $100 million in cash, and an earnout of up to $500 million based on achieving specific EBITDA thresholds over the next three fiscal years [6]. - The due diligence period has been extended to October 31, 2025, to facilitate the completion of the transaction, with a definitive agreement expected by the end of 2025 [7]. Acquisition of Findings - Diginex signed a non-binding MOU on August 12, 2025, to acquire Findings for up to $305 million, comprising $270 million in Diginex shares and up to $35 million in cash [10][11]. - The share consideration will be based on the 60-business day trailing VWAP of Diginex's shares, with customary lock-up periods for Findings' shareholders [11]. - Diginex is in the early stages of due diligence on Findings, aiming to complete the transaction by the end of 2025 [12]. Company Profile - Diginex Limited is a sustainable RegTech business that utilizes blockchain, AI, and data analysis technology to enhance ESG, climate, and supply chain data collection and reporting [13]. - The company's diginexESG platform supports 19 global frameworks, providing comprehensive solutions for sustainability data management [14].
Diginex Limited Signs MOU to Acquire Resulticks for US$2bn, transforming AI and Data Management Capabilities
Globenewswire· 2025-06-05 11:20
Core Viewpoint - Diginex Limited has signed a Memorandum of Understanding to acquire Resulticks, enhancing its capabilities in data management and AI, positioning itself as a leader in data-driven client solutions [1][2][3] Group 1: Acquisition Details - The acquisition values Resulticks at $2 billion, structured in three tranches: $1.4 billion in Diginex shares, $100 million in cash, and an earnout of up to $500 million based on EBITDA performance [2] - The earnout is contingent on Resulticks achieving specific EBITDA thresholds over the next three fiscal years, with amounts of $166.67 million for FY2026, FY2027, and FY2028 [2] Group 2: Resulticks Overview - Resulticks is recognized for its AI-driven customer engagement and data management solutions, operating in multiple regions including the US, India, Singapore, and the Middle East [3][9] - The company’s platform enables businesses to deliver personalized customer experiences through real-time data analytics [3][9] Group 3: Strategic Implications - The integration of Resulticks' technology is expected to enhance Diginex's data-driven sustainability solutions, allowing organizations to meet regulatory requirements more effectively [3][4] - Diginex aims to leverage Resulticks to provide hyper-personalized insights and expand into new verticals, enhancing compliance, supply chain intelligence, and risk analytics [4][5] Group 4: Leadership Statements - Diginex's Chairman emphasized that the acquisition will strengthen the company's balance sheet and profitability while deepening expertise in AI and data management [5] - Resulticks' leadership highlighted the partnership's potential to optimize customer engagement and enhance sustainability solutions for a global customer base [5][6] Group 5: Recent Developments - This acquisition follows Diginex's recent memorandum of understanding to acquire Matter DK ApS, further expanding its sustainability data and analytics offerings [6] - These strategic moves position Diginex as a global leader in innovative, data-driven solutions for client and sustainability engagement [6]
BEN Supports California's AI Data Privacy Bill
Newsfilter· 2025-03-12 12:00
Core Insights - Brand Engagement Network Inc. (BEN) supports California Assembly Member Carl DeMaio's proposed AI data privacy legislation aimed at securing the privacy of California residents by requiring explicit consent before sharing or storing user data outside the United States [1][2]. Company Overview - BEN is an innovator in AI-driven customer engagement solutions, providing proprietary technologies such as Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) that comply with global privacy standards including GDPR, CCPA, HIPAA, and SOC 2 Type 1 [3][5]. - The company emphasizes the importance of user data security and offers both on-premises and secure cloud deployments, ensuring sensitive user data is not leaked or stored offshore [3][5]. Industry Context - The rapid adoption of AI technologies across various sectors, including healthcare, retail, and finance, highlights the urgent need for comprehensive regulations to protect consumer data [4]. - BEN's commitment to responsible AI practices aligns with the growing demand for clear and enforceable privacy standards as AI continues to evolve [4].