IMImobile has agreed to acquire Impact Mobile Inc Canada’s leading provider of mobile engagement solutions from Dealnet Capital Corporation. The acquisition is very complimentary to both IMImobile’s product and its customer base, and is expected to be immediately earnings enhancing. We are upgrading our forecasts and our price target increases from 331p to 343p. We retain our Buy rating.
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Acquisition of Impact Mobile
- Published:
03 Jul 2018 -
Author:
Harvey Robinson -
Pages:
4
IMImobile has agreed to acquire Impact Mobile Inc Canada’s leading provider of mobile engagement solutions from Dealnet Capital Corporation. The acquisition is very complimentary to both IMImobile’s product and its customer base, and is expected to be immediately earnings enhancing. We are upgrading our forecasts and our price target increases from 331p to 343p. We retain our Buy rating.