On 30 September 2020, thedocyard announced that it had entered into a Merger Implementation Deed and a Share Sale Deed with Ansarada to facilitate the proposed acquisition of 100% of Ansarada by the Company together with a related capital raising.
Changing name to Ansarada, the Group will be a “global provider of cloud-based SaaS information governance solutions. The Group’s Platform will provide end- to-end document and process management to support critical decisions and events for organisations throughout their lifecycle.”
It will compete in the Information Governance Software market, which … includes: Enterprise Governance Risk and Compliance (eGRC), which provides workflow, collaboration, security and analysis tools for organisations to apply across key GRC areas including policy, risk, incident, audit and compliance; and Transaction management.
Raised $45 million at $1.48, for a M/C of $130 million.
Enterprise value/pro forma FY20 revenue …. 3.2x
How is it travelling since IPO?
(DNH)
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