Acquisition of leading US personal finance website

RNS Number : 6475T

XLMedia PLC

05 July 2018

 

For immediate release

5 July 2018

XLMedia PLC

("XLMedia" or the "Group" or the "Company")

Acquisition of leading American personal finance website

XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of InvestorJunkie.com ("InvestorJunkie"), a leading US personal finance website, for a total cash consideration of US$5.8 million.

InvestorJunkie is a website focused on providing information and reviews of various investment channels and financial products, including banking, stock brokers, robo advisors, lending, retirement accounts and more. The acquisition is expected to complete in the second half of 2018.

The acquisition of InvestorJunkie both broadens the Company's North American footprint and strengthens its personal finance sector reach, a key growth vertical for the Group. InvestorJunkie will be integrated into XLMedia's propriety Palcon infrastructure, which will enable the Group to improve day to day performance of the site.

Ory Weihs, Chief Executive Officer of XLMedia, commented:

"We are delighted to announce the acquisition of InvestorJunkie, a very well known brand in North America. The U.S. personal finance market is a key growth market for our business, and this latest acquisition reaffirms our commitment to further diversify our revenue base.

"We are continuing to build a strong foothold in the North American market and look forward to accelerating our growth strategy to further leverage both our skillset and technology platform in what is a relatively nascent sector."

For further information, please contact:

 

XLMedia plc Ory Weihs www.xlmedia.com	Via Vigo Communications
Vigo Communications Jeremy Garcia / Fiona Henson / Kate Rogucheva www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Camilla Hume / Mark Connelly www.cenkos.com	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore www.berenberg.com	Tel: [phone]

 

END

 

 

ACQUSSNRWVABRAR