Hawk Infinity Software AS – Agreement on Acquisition

10 Feb 2025 22:03 CET

Hawk Infinity Software AS (“HIS”) has entered into an agreement for the
acquisition of 100% of Symplify Technologies AB (“Symplify”).

Symplify is providing a market leading software for Customer Engagement, a
comprehensive CRM with omni-channel marketing automation, CRO- and
AI-capabilities. The software is used by more than 200 SME and Enterprise
customers globally, mainly within the verticals FinTech, Retail, NGO, Education
and Sports-betting. The company was founded in 2000 and has since grown with
offices in Canada, Denmark and Spain.

Symplify has an LTM pro forma revenue of NOK 224m and EBITDA of NOK 35.1m as of
December 2024. The acquisition is closed at an upfront enterprise value of NOK
250m. Additional contingent consideration will be granted if certain relatively
ambitious free cash flow growth targets are met over the coming years.

The acquisition will be funded by available liquidity, release from the escrow
account and an equity issue in HIS towards Hawk Infinity AS.

For further information please contact:

Joakim Stavnes Karlsen
Chief Executive Officer
Tel: +47 483 88 583
E-mail: jk@hawk.no

Lars Fredrik Revling
Chief Financial Officer
Tel: +47 412 22 772
E-mail: lr@hawk.no

More information:
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