ACKROO ACQUIRES GGGOLF
Ackroo Inc.'s wholly owned subsidiary, Ackroo Canada Inc., has acquired all of the outstanding share capital of 3916715 Canada Inc. (GGGolf) pursuant to a definitive share purchase agreement entered into with GGGolf and its sole shareholder. GGGolf operates a complete golf management software for private, semi-private and public golf clubs. Under the terms of the acquisition, the Company has acquired all of the outstanding share capital of GGGolf, which includes it's software and hardware solutions and all related customer contracts representing over 150 clients across Canada and over $900,000 of annual revenues. The transaction represents Ackroo's tenth acquisition to date and the Company's first point-of-sale software purchase further positioning the Company as both a vendor and industry consolidator in the growing merchant marketing, payments and point-of sale ecosystem.
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