SESAMi Holding acquires MyBiz in all-cash deal boosting regional footprint
SINGAPORE, Jun 1, 2022 - (ACN Newswire via SEAPRWire.com) - SESAMi Holding Pte Ltd (SESAMi) announced the successful acquisition of MyBiz Solutions Sdn Bhd.The all-cash deal is immediately profit-accretive and provides SESAMi with an additional revenue stream as well as an opportunity to strengthen SESAMi's portfolio of businesses. The company also believes that the acquisition has the potential to significantly value-add to existing and potential customers of both SESAMi and MyBiz.Mr Ong Teck Soon, SESAMi Holding's Chairman and CEO said, "We have been actively exploring various strategic acquisition opportunities to strengthen SESAMi's suite of products and services and enable the Company to provide a more robust business solution to our customers, thereby helping us grow revenue. The acquisition, when completed, is expected to enable us to capture new opportunities within the fast-growing online transactional commerce business in the region and we are confident of the industry's significant long-term growth prospects."Award-winning MyBiz has emerged as an Asian leader in spend management and strategic sourcing solutions with more than 20 years of experience and expertise in their...
