Amount to be paid until the end of 2023 was reduced from
R$360 million to R$31 million
D1 and Movidesk payments to be diluted over two and three
years, respectively
SÃO PAULO, Oct. 26,
2022 /PRNewswire/ -- Zenvia Inc. (NASDAQ: ZENV)
(the "Company"), the leading cloud-based CX platform in
Latin America, empowering
companies to transform their customer journeys, today announced the
successful renegotiation of remaining payments linked to the
acquisitions of D1 and Movidesk.
Shay Chor, Zenvia's CFO, stated:
"We are very proud to have reached these agreements with D1 and
Movidesk. Both acquisitions were important in positioning Zenvia as
the most comprehensive CX SaaS platform in Latin America. As we acknowledge the
challenging global funding environment for tech companies, we are
taking a series of initiatives to preserve cash and generate
EBITDA. Following the agreements, our funding gap until the end of
2023 has now significantly declined, allowing us to focus on
continuing expanding gross profit and generating positive EBITDA.
There is a huge white space opportunity in the SaaS market that we
have just begun to tap, and we are already seeing the results of
our hard work and innovation in our profitability. We are very
excited with the prospects of our company moving
forward."
For D1, the last fixed installment due to certain former
shareholders on March 31, 2023, of
BRL 40 million, will now be paid, as
follows: (i) BRL 8 million in
January 2023, (ii) BRL 4 million in February
2023, BRL 5 million in
March 2023 and (iv) 23 monthly
installments of BRL 1.4 million
between April 2023 and February 2025, subject to accrued interests in
line with Zenvia's current bank financing costs.
For Movidesk, the earn-out payment due to certain former
shareholders, previously expected to total BRL 320 million, will now be paid in fixed and
variable installments subject to accrued interest in line with
Zenvia's current bank financing costs. Per the terms of the
agreement, (i) BRL 1.2 million will
be paid in 12 fixed monthly installments from January 2023 until December 2023, (ii) BRL
205 million will be paid in 36 fixed monthly installments
from January 2024 until December 2026, and (iii) an additional variable
amount calculated in terms of certain gross margin targets achieved
by the end of September 2023,
currently expected to total BRL 30
million, will be paid in 6 monthly installments from
January 2024 until June 2024. Additionally, the Company plans to
accelerate the integration of Movidesk, which is expected to bring
cost synergies and significant value to Zenvia's offerings. As part
of the integration, Movidesk's founder and former CEO, Donisete Gomes, will step down by the end of
November 2022. Zenvia thanks Donisete
for his contributions and wishes him all the success in his next
endeavors.
Finally, Zenvia will release its fiscal third quarter 2022
results after market close on Wednesday,
November 16, 2022 and on Thursday,
November 17, 2022 at 10:00 a.m.
Eastern Time, Zenvia's senior management team will host a
webcast to discuss the performance and outlook for the
business.
The live webcast will be available at investors.zenvia.com, and
a replay will be available at
investors.zenvia.com/financial-information/financial-results/
following the webcast.
Contacts
Investor
Relations
Caio
Figueiredo
Fernando
Schneider
ir@zenvia.com
|
Media Relations –
Grayling
Lucia Domville – (646)
824-2856 – lucia.domville@grayling.com
Fabiane Goldstein –
(954) 625-4793 – fabiane.goldstein@grayling.com
|
About ZENVIA
ZENVIA is driven by the purpose of
empowering companies to create unique experiences for customer
communications through its unified end-to-end platform. ZENVIA
empowers companies to transform their existing customer
communications from non-scalable, physical and impersonal
interactions into highly scalable, digital-first and
hyper-contextualized experiences across the customer journey.
ZENVIA's unified end-to-end CX communications platform provides a
combination of (i) SaaS focused on campaigns, sales teams, customer
service and engagement, (ii) tools, such as software application
programming interfaces, or APIs, chatbots, single customer views,
journey designers, documents composer and authentication and (iii)
channels, such as SMS, Voice, WhatsApp, Instagram and Webchat. Its
comprehensive platform assists customers across multiple use cases,
including marketing campaigns, customer acquisition, customer
onboarding, warnings, customer services, fraud control,
cross-selling and customer retention, among others. ZENVIA's shares
are traded on Nasdaq, under the ticker ZENV.
Forward-Looking Statements
These forward-looking
statements are made as of the date they were first issued and were
based on current expectations, estimates, forecasts, and
projections, as well as the beliefs and assumptions of management.
Words such as "expect," "anticipate," "should," "believe," "hope,"
"target," "project," "goals," "estimate," "potential," "predict,"
"may," "will," "might," "could," "intend," variations of these
terms or the negative of these terms and similar expressions are
intended to identify these statements. Forward-looking statements
are subject to a number of risks and uncertainties, many of which
involve factors or circumstances that are beyond Zenvia's control.
Zenvia's actual results could differ materially from those stated
or implied in forward-looking statements due to several factors,
including but not limited to: our ability to innovate and respond
to technological advances, changing market needs and customer
demands, our ability to successfully acquire new businesses as
customers, acquire customers in new industry verticals and
appropriately manage international expansion, substantial and
increasing competition in our market, compliance with applicable
regulatory and legislative developments and regulations, the
dependence of our business on our relationship with certain service
providers, among other factors.
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SOURCE Zenvia