Kape published an update to the market following the integration of recent acquisition, ZenMate. The group has realised US$1.7m of annualised cost savings related to ZenMate, and launched two products (see details below). We believe the synergies and management execution on deals will be very well perceived in early trade this morning, given the sheer magnitude of the savings (ie 13% of FY19E Group EBITDA – and effectively quadrupling the profits of ZenMate from acquisition in 12 months
20 Jun 2019
ZenMate acquisition update: $1.7m synergies
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ZenMate acquisition update: $1.7m synergies
- Published:
20 Jun 2019 -
Author:
Kartik Swaminathan -
Pages:
5
Kape published an update to the market following the integration of recent acquisition, ZenMate. The group has realised US$1.7m of annualised cost savings related to ZenMate, and launched two products (see details below). We believe the synergies and management execution on deals will be very well perceived in early trade this morning, given the sheer magnitude of the savings (ie 13% of FY19E Group EBITDA – and effectively quadrupling the profits of ZenMate from acquisition in 12 months