Pluribus Technologies was founded in 2018 to address the opportunity presented by owners of software companies who would need to transition their businesses in the next 10 years.
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Video Transcript:
I’m Cassandra Bolinski Investmentpitch Media
Pluribus Technologies Corp. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “PLRB”, following its qualifying transaction with Capital Pool Company Aumento Capital IX Corp.
Pluribus Technologies was founded in 2018 to address the opportunity presented by owners of software companies who would need to transition their businesses in the next 10 years.
The company sees a gap in the market for acquiring smaller technology companies which appear to be too risky for most strategic acquirers and private equity funds.
The key to Pluribus’ acquisition strategy is to target small technology companies that are stable,
profitable but not growing rapidly.
Pluribus can provide liquidity to this segment and leverage the deep operational experience of its management team to grow these businesses and create significant value.
Management expects to increase margins and revenue by cross-selling products across the acquired companies, maximizing vendor and partner relationships, and consolidating central administrative functions.
In many cases, the company has employed an earn-out structure where growth in revenue or EBITDA is shared between the parties when undertaking an acquisition transaction.
Management believes this structure incentivizes the seller to achieve positive operating results and defers a portion of the transaction costs over a defined period of time.
To date, the company has deployed approximately $50 million to acquire 9 companies across four different operating segments.
The current portfolio includes companies in the eLearning, digital enablement, healthtech, and eCommerce fields.
The shares are trading at $4.90.
For more information, please visit the company’s website www.PluribusTechnologies.com, contact Richard Adair, CEO, at 800-851-9383.
Investor Relations is handled by Craig Armitage of LodeRock Advisors, who can be reached at 416-347-8954 or by email at investors@PluribusTechnologies.com
I’m Cassandra Bolinski Investmentpitch Media
