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Ackroo Inc V.AKR

Alternate Symbol(s):  AKRFF

Ackroo Inc. acquires, integrates and manages gift card, loyalty marketing, payment and point-of-sale solutions used by merchants of all sizes. It develops and sells an online loyalty and rewards platform. Its self-serve, data driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale. Its hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries: automotive dealers and more. It is focused on helping to consolidate, simplify and improve the merchant marketing, payments and point-of-sale ecosystem for their clients. Its GiftFly is a self-serve eGift Card platform. Its Simpliconnect business offers software as a service, focused on driving client engagement. Its payment ISO affords the ability to resell payment processing solutions to their growing merchant base through some of the payment technology and service providers.


TSXV:AKR - Post by User

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Post by Maggson Jun 04, 2021 11:47am
315 Views
Post# 33329958

It's pretty obvious...

It's pretty obvious...that the problem Ackroo has right now is they are geographically overweight in a country that is locked down for the greater good. They need to get diversified. I'm not really sure why it's not happening more quickly at this point but I am sure they are trying to expand into the U.S.. It's not like the lockdowns just started and they did not see them coming at this point. And who is to say that they won't keep you locked down for the greater good. 
Buying more U.S. based companies is good business even if you agree with the lockdowns so it was nice to see them get Interactive DMS done. They don't seem to be outgrowing their attrition at this point and it's only going to get worse the longer the lockdowns continue. 
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