First acquisition - Invigo Media Corp. Invigo acquisition is expected to add $2.7M in annual revenue at EBITDA margins exceeding 20%
Invigo's revenue is substantially subscription-based recurring revenue, which provides strong revenue and cash flow visibility. Based on the last six months, Invigo has an annualized revenue run-rate of approximately $2.7M with EBITDA(1) margins exceeding 20%. For the past three years, Invigo's sales have been growing at over 20% compound annual growth rate.
Invigo's founder Bob Mangat has in-depth knowledge and a strong network in the healthcare sector. Bob is expected to continue operating Invigo in a consulting capacity for a period of two years post-closing.
The closing of the Transaction is expected early January, 2021.