HFY acquires QLD telco database from Nethoster, increasing annual EBITDA run rate by 15% ((Prev United Networks Limited UNL))
Hubify Limited (ASX:HFY) ("Hubify", or the “Company”) is pleased to announce it is acquiring the database assets of Queensland based telecommunications provider, Nethoster, for $800k in cash. The Company expects that this acquisition will add $400k EBITDA (post synergies) and $1m in annualised recurring revenue (ARR) to HFY’s existing earnings base, while also strategically expanding its geographical footprint into the Queensland market.
Disc: I hold