XMachina-AI Inc. announces closing of loi with "The good register"
June 09, 2022 06:00 AM Eastern Daylight Time
VANCOUVER, British Columbia & MONTRÉAL–(BUSINESS WIRE)–XMachina-AI Inc. (“XMachina-AI” or the “Company”) is pleased to announce the signing of a non-binding Letter of Intent to purchase all of the outstanding shares of The Good Register [‘TGR’], a SaaS product company in the PropTech vertical.
The proposed acquisition of The Good Register represents the 3rd transaction undertaken by XMachina since launching in Q3 of 2021.
“The re-setting of global valuations for SaaS – and technology companies as a whole, has opened up far more potential acquisition targets than we had thought possible. We are currently evaluating 250 potential targets and we see this number exploding in the next several months,” says Claude Théoret, CEO, XMachina. “Our focus on providing product and technology expertise, as well as liquidity and development capital to support growth companies in realising their full potential continues to resonate with founders.”
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