TSXV:JPIM.H - Post Discussion
Post by
partystocker on Oct 24, 2022 2:19am
JPIM.v acquires Cartika
With its acquisition of Cartika, Jasper Commerce (TSXV: JPIM) will be expanding into Infrastructure as a Service operations for Mid-Market Businesses.
JPIM is currently focusing on improving its bottom line, and Cartika’s current yearly revenue of $1.5 million should definitely aid them in this effort. Through efficiencies arising from sharing customer support resources and optimizing their hosting platform, JPIM believes it can increase Cartika's Gross Margin by upwards of 15%, from the 40% range to approximately 55%.
New revenue opportunities arising from cross selling amongst the two companies non-overlapping customer bases could also provide additional upside.
JPIM.v is currently trading at $.05, valued at $2.9 million.
https://ceo.ca/@newswire/jasper-to-acquire-cartika-expanding-into-managed
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