WILMINGTON, Del., Jan. 17, 2023 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Firm” or “Onfolio”), a holding firm that acquires and manages a diversified portfolio of on-line companies throughout a broad vary of verticals, immediately introduced that it has entered into an asset buy settlement (the “Settlement”) with Contentellect Restricted (“Contentellect”) to amass considerably all its enterprise belongings for a purchase order value of $850,000 of money at closing. The transaction is anticipated to shut within the first quarter of 2023.
Contentellect was launched in 2018 and started as a specialist content material writing service for software-as-a-service corporations. Right this moment, Contentellect helps small-and medium-sized companies scale their content material with weblog writing, hyperlink constructing, and extra. The service providing consists of copywriting and outreach providers reminiscent of content material writing providers, web site hyperlink constructing providers, social media advertising and marketing providers and digital assistant providers to people, companies and businesses. The content material created helps prospects by bettering natural visitors through engines like google, allows them to conduct thought-leadership, and offers gross sales and advertising and marketing groups related and usable content material on the high and center of the advertising and marketing funnel. Contentellect reported $330,000 of adjusted EBITDA in 2021 (on an unaudited foundation).
“Contentellect brings to Onfolio one other robust, compelling and various enterprise so as to add to our portfolio,” stated Dominic Wells, CEO of Onfolio. “Contentellect’s distinctive capability to serve its shoppers as a full search engine optimisation service matches into our current companies and additional dietary supplements our different search engine optimisation service suppliers. We proceed to advance our technique of buying area of interest, worthwhile on-line companies, and we welcome the Contentellect group to Onfolio.”
Mr. Wells continued, “Our pipeline of M&A goal alternatives stays strong, and we proceed to imagine there are ample alternatives forward. Our group’s capability to find and function digital companies whereas rising money flows persistently has allowed us to execute on our technique set forth with our entrance into the general public markets. We imagine the acquisition in Contentellect continues to supply buyers a beautiful alternative to diversify danger and additional positions Onfolio for long-term development and worth creation.”
A Kind 8-Ok referring to the Contentellect transaction was filed with the Securities and Trade Fee on January 17, 2023 and is obtainable on the SEC’s web site at www.sec.gov.
Onfolio Holdings Inc.
Onfolio acquires and manages a diversified portfolio of on-line companies throughout a broad vary of verticals, every with a distinct segment content material focus and model identification. Onfolio acquires companies that meet its funding standards, being that such companies function in sectors with long-term development alternatives, have constructive and secure money flows, face minimal threats of technological or aggressive obsolescence and could be managed by our current group or have robust administration groups largely in place. The Firm excels at discovering acquisition alternatives the place the vendor has not absolutely optimized their enterprise, and Onfolio’s expertise and skillset permits it so as to add elevated worth to those current companies. Go to www.onfolio.com for extra data.
Secure Harbor Assertion
The knowledge posted on this launch could comprise forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. You’ll be able to determine these statements by use of the phrases “could,” “will,” “ought to,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “tasks,” “intends,” and comparable expressions. Ahead-looking statements contain dangers and uncertainties that would trigger precise outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embody, however aren’t restricted to, normal financial and enterprise circumstances, results of continued geopolitical unrest and regional conflicts, competitors, modifications in know-how and strategies of promoting, delays in finishing new buyer choices, modifications in buyer order patterns, modifications in buyer providing combine, continued success in technological advances and delivering technological improvements, delays as a result of points with outsourced service suppliers, these occasions and elements described by us below the caption “Threat Elements” included in our SEC filings and different dangers to which our Firm is topic, and numerous different elements past the Firm’s management.
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