Wishpond Announces Acquisition of Winback – a Provider of Automated SMS Marketing Solutions for eCommerce

• The acquisition of WinBack provides Wishpond with an intuitive and user-friendly automated SMS marketing product and cart abandonment tool for Shopify merchants that can be sold to Wishpond’s existing e-commerce clients and create a stickier offering.

• Winback is Wishpond’s fourth acquisition this year and is expected to be an immediately accretive acquisition to the Company, generating recurring revenue with healthy gross margins and positive cashflows.

VANCOUVER, BC, Dec. 13, 2021 /PRNewswire/ – Wishpond Technologies Ltd. (TSXV: WISH), (OTCQX: WPNDF) (the “Company” or “Wishpond“), a provider of marketing-focused online business solutions, is pleased to announce that it has entered into an asset purchase agreement (the “APA“) pursuant to which a wholly owned subsidiary of the Company will acquire (the “Acquisition“) certain assets and specific liabilities relating to the Winback.chat (“Winback“) product of AtlasMind Inc. (“AtlasMind“) for total consideration of US$700,000 paid entirely from cash on hand. Based out

Article source: https://finance.yahoo.com/news/wishpond-announces-acquisition-winback-provider-120000215.html