Cirralto to Acquire E-Commerce Company Greenshoots

• Transaction service business Cirralto (CRO) to purchase all the shares in finance solutions company Greenshoots Technology for $1.5 million

• Once integrated into Cirralto's Spenda, Greenshoots will become a Spenda ecommerce and offer Spenda Payment services to ecommerce merchants

• The takeover will complete Cirralto’s retail solutions capabilities allowing it to focus on growth in ecommerce payments and consumer pay-later services

• This purchase will come just in time for the Christmas season, which is expected to see Australians spend more than $11 billion on presents

Full announcement here.

AFR news here.