Jasper Technologies (TSXV: JPIM) will be diversifying its business model and expanding into the Infrastructure as a Service space for mid-market businesses.
Last week, Jasper announced that it has entered into an agreement to acquire 100% of Cartika Internet Solutions Provider Inc. Cartika is a full-service IT infrastructure provider specializing in managed cloud and IaaS support for mid-market businesses.
Cartika is expected to be an accretive acquisition, and is expected to contribute significantly to Jasper’s revenue, and accelerate EBITDA breakeven. The company currently has over 200 customers, and over 95% of its revenue is recurring.
JPIM.v shares are currently attempting a rally after retesting all-time lows earlier this month. SP is currently resting at $.07, with the company’s valuation currently at $4.07 million.
https://ceo.ca/@newswire/jasper-to-acquire-cartika-expanding-into-managed