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22 May 2019
Comapi integration complete
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Comapi integration complete
DotDigital Group PLC (DOTD:LON) | 65.0 -1.4 (-3.3%) | Mkt Cap: 199.3m
- Published:
22 May 2019 -
Author:
Singer CM Team -
Pages:
3 -
dotdigital has announced that it has successfully completed the integration of the Comapi CPaaS technology into its Engagement Cloud platform. This was the primary objective of the Comapi acquisition (completed in Nov ’17), allowing the group to accelerate its Omnichannel Engagement Cloud strategy. With the technology now integrated, management has decided to wind down activity in Comapi’s non-core SMS business, allowing the group to focus on high margin, contracted SaaS revenues going forwards. The decision is expected to be net cash flow positive, providing additional resources for the group to invest in further profitable growth. We believe today’s announcement is another example of the strong operational execution which dotdigital has consistently shown over the years, giving us further confidence in continued strong performance in the current year and beyond.