TIDMXLM

RNS Number : 6475T

XLMedia PLC

05 July 2018

 
For immediate release  5 July 2018

XLMedia PLC

("XLMedia" or the "Group" or the "Company")

Acquisition of leading American personal finance website

XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of InvestorJunkie.com ("InvestorJunkie"), a leading US personal finance website, for a total cash consideration of US$5.8 million.

InvestorJunkie is a website focused on providing information and reviews of various investment channels and financial products, including banking, stock brokers, robo advisors, lending, retirement accounts and more. The acquisition is expected to complete in the second half of 2018.

The acquisition of InvestorJunkie both broadens the Company's North American footprint and strengthens its personal finance sector reach, a key growth vertical for the Group. InvestorJunkie will be integrated into XLMedia's propriety Palcon infrastructure, which will enable the Group to improve day to day performance of the site.

Ory Weihs, Chief Executive Officer of XLMedia, commented:

"We are delighted to announce the acquisition of InvestorJunkie, a very well known brand in North America. The U.S. personal finance market is a key growth market for our business, and this latest acquisition reaffirms our commitment to further diversify our revenue base.

"We are continuing to build a strong foothold in the North American market and look forward to accelerating our growth strategy to further leverage both our skillset and technology platform in what is a relatively nascent sector."

For further information, please contact:

 
 XLMedia plc Ory Weihs www.xlmedia.com        Via Vigo Communications 
 Vigo Communications Jeremy Garcia / Fiona    Tel: 020 7390 0231 
  Henson / Kate Rogucheva www.vigocomms.com 
 Cenkos Securities plc (Nomad and Joint       Tel: 020 7397 8900 
  Broker) Camilla Hume / Mark Connelly 
  www.cenkos.com 
 Berenberg (Joint Broker) Chris Bowman        Tel: 020 3207 7800 
  / Mark Whitmore www.berenberg.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACQUSSNRWVABRAR

(END) Dow Jones Newswires

July 05, 2018 02:00 ET (06:00 GMT)

Xlmedia (LSE:XLM)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Xlmedia Charts.
Xlmedia (LSE:XLM)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Xlmedia Charts.