Total
0
Shares
Dubber Corporation (ASX:DUB) - CEO & Managing Director, Steve McGovern - The Market Herald
CEO & Managing Director, Steve McGovern
Source: Dubber
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Call recording software company Dubber (DUB) has entered a binding agreement to acquire CallN
  • CallN owns and operates a call recording business that provides customers with on-site call recording solutions and cloud storage
  • Under this binding agreement, Dubber will obtain all of CallN's issued capital for $1.175 million
  • This figure will consist of approximately 1,066,096 Dubber shares and $35,000 in cash
  • The agreement is expected to be completed by the end of the month
  • Dubber is down 3.35 per cent on the market this morning and shares are trading for $1.16 each

Call recording software company Dubber (DUB) has entered a binding agreement to acquire CallN.

CallN owns and operates a call recording business that provides customers with on-site call recording solutions and cloud storage.

"We are very pleased to have taken the opportunity to acquire CallN. The company has been providing recording solutions direct to business and enterprise clients, predominantly in Australia," CEO Steve McGovern said.

"We believe that the consolidation of the two companies will help accelerate many of those clients as they move call recording to the cloud, while still supporting their existing solutions as required," he added.

Under this binding agreement, Dubber will obtain all of CallN's issued capital for $1.175 million.

This figure will consist of approximately 1,066,096 Dubber shares and $35,000 in cash — of which 75 per cent will be paid once the transaction is completed.

Even though Dubber has completed due diligence investigations, the agreement still remains conditional upon the execution of ancillary documents that are required for the acquisition.

This is expected by the end of the month.

"An opportunity to acquire CallN presented itself sit was divested from a larger ownership structure and, as well as securing accretive revenue, Dubber will also benefit from procuring highly capable personnel in the CallN business with product and technical expertise," Steve said.

Dubber is down 3.35 per cent on the market this morning and shares are trading for $1.16 each at 10:55 am AEST.

DUB by the numbers
More From The Market Herald
The Market Herald Video

" Superloop (ASX:SLC) closes in on Exetel acquisition

Superloop (SLC) has received firm commitments to raise roughly $79 million via a placement and institutional entitlement offer.
Superloop (ASX:SLC) - Managing Director and CEO, Paul Tyler - The Market Herald

" Superloop (ASX:SLC) to buy Exetel for $110M

Superloop (SLC) is set to acquire internet services provider (ISP) Exetel for $110 million.
MNF Group (ASX:MNF) - CEO, Rene Sugo - The Market Herald

" MNF Group (ASX:MNF) chases simplicity with partial sale of its telecommunications arm

MNF Group (MNF) has signed a conditional term sheet under which it will sell part of its “direct business” to Vonex (VN8) for
Beam Communications (ASX:BCC) onboards Australia Post as major retailer

" Beam Communications (ASX:BCC) onboards Australia Post as major retailer

Beam Communications (BCC) has welcomed Australia Post as a major retailer.