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Nextech3D.ai CEO discusses ARway acquisition strategy - ICYMI
['August', 'Min Read']
Yahoo Finance
Nextech3D.ai CEO discusses ARway acquisition strategy - ICYMI Proactive uses images sourced from ShutterstockNextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) earlier this week announced progress toward acquiring the remaining ownership interest in ARway, a move that Chief Executive Officer Evan Gappelberg said would simplify the company's structure while strengthening its software-focused growth strategy.
He said completing the acquisition would allow the businesses to operate under a single platform, engineering team and go-to-market strategy while eliminating operational duplication.
What changes now is the ownership structure.
The transaction brings about $1.5 million in annual ARway revenue and approximately $1.5 million in profit.
It also moves us further toward a software-driven revenue business while simplifying things for shareholders.