Intouch Insight Ltd Closes PerformaLogics and MobilForce Acquisition
OTTAWA, Feb. 3, 2020 /CNW/ - Intouch Insight Ltd. ("Intouch") (TSXV: INX) (OTCQB: INXSF) today announces that it has closed the acquisition of PerformaLogics Inc., a customer experience measurement company, and its sister company MobilForce, a field reporting software company (the "Acquisition Companies"), as announced January 21. The Acquisition Companies, from their Calgary base, have a strong list of customers and provides its services to customers across Canada.
"We are pleased to acquire such a long standing and respected company in the industry. In addition to the strong customer base, we expect this acquisition to bring significant synergies and sales opportunities across our product lines," said Cameron Watt, President and CEO.
"We made the decision to sell to Intouch once we saw the resources that they could bring to bear for our customers. We have always sought to offer the absolute best and the Intouch technology and approach to customer experience measurement is not only ahead of competition, but we felt it would advance the value we could offer to our customers by two to three years. I look forward to witnessing the future for our companies under the larger Intouch umbrella," said Jason Carter, Co-Founder PerformaLogics and MobilForce.
"This acquisition is in line with our overall growth strategy including our focus on growing the penetration of our software product lines in conjunction with our recurring services business. This acquisition brings a physical western presence, an experienced team of skilled industry employees, and a respected customer base to whom we will be able to offer our full suite of customer experience management products," said Watt.
Certain statements included in this news release, including those relating to the Company's proposed transaction, future revenues and expansion, contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to expectations, estimates, future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Intouch Insight Ltd.
Cathy Smith, Chief Financial Officer, [email protected], 613-270-7916
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