Seamless Distribution Systems AB (“SDS” or “the Company”) has signed a final agreement to acquire all shares and assets in Real Impact Analytics S.A. (“Riaktr”). The purchase price on a cash and debt-free basis amounts to EUR 10.4 million.
Through the acquisition, SDS gains access to a company that offers; i) advanced complementary technology and a considerably expanded customer portfolio both in Africa and new markets, ii) has more than 50 percent recurring revenues from SaaS, and iii) brings critical technology and product enhancements to the SDS portfolio that enables an acceleration of the Group’s organic growth.
The acquisition strengthens SDS’s operational efficiency with Riaktr adding both complementary products and a cutting-edge development and technology team in Belgium focused on Business Intelligence and Big Data Analytics.
With Riaktr joining the SDS Group, the geographical coverage and customer base is expanded, with several large, global and regional telecom operators such as Orange, Glo and Proximus, where the latter means that SDS receives customers located in Europe.
“The acquisition of Riaktr is a transformational move in further developing SDS as a company. With Riaktr, SDS moves faster to a new strategic level in terms of the Group’s value chain, technology, customer base and geographical coverage. The acquisition fits perfectly into our growth strategy and that we continue to deliver on our planned profitability journey”, says Tommy Eriksson, CEO of SDS.
Riaktr, headquartered in Brussels, Belgium, has its own R&D team, customer success management- and sales-organization in Belgium and South Africa. The product portfolio comprises innovative platforms for advanced analytics of Big Data and processes for sales optimization as well as network infrastructure optimization for telecom and network operators. The advanced proprietary
platform offers end-to-end solutions through concrete insight models and tangible action points for telecom operators that increases their competitiveness, efficiency as well as reduce capital expenditures.
The joint operations are expected to achieve significant synergies through higher efficiency in product development as well as economies of scale in sales, support and administrative units. The synergies, in terms of profitability and growth, are expected to emerge as early as 2021, but full effect is expected in 2022.