Victory Square Technologies (CSE: VST) (OTC: VSQTF)
(FRANKFURT: 6F6) (WKN: A2AKL8), a venture builder that creates, funds and
empowers entrepreneurs, this morning announced that it will acquire 15% percent
of all issued and outstanding shares of Cloud Benefit Solutions Inc. (“Cloud
Advisors”) for $300,000 CAD in total consideration, subject to all requisite
regulatory approvals. Cloud Advisors is an established and rapidly growing
Software-as-a-Service (SaaS) platform within the group life and health insurance
industry. The purchase price will be paid by the company through cash
installments, pursuant to a definitive share purchase agreement to be executed
between Victory Square and Cloud Advisors. “Cloud Advisors already brings
superior, unrivaled data analytics, and decision-making software to the
insurance brokerage space, which provides the end-client with a tailored
experience,” Victory Square CEO Shafin Diamond Tejani stated in the news
release. “On the other hand, our Victory Square shareholders will see that same
value being added to their portfolio, accompanied by strong sales, margins, and
growth rates for years to come.”
To view the full press release, visit http://ibn.fm/bPfDJ
About Victory Square Technologies Inc.
Victory Square Technologies is an emerging technology
incubator and accelerator. Victory Square portfolio companies are disrupting
every sector of the global economy including Blockchain, Artificial
Intelligence, VR/AR/MR, Gaming and Payments. Victory Square has a proven
process for identifying game-changing entrepreneurs and providing them with the
partners, mentorship and support necessary to accelerate their growth and help
them scale globally. For more information, please visit www.VictorySquare.com.
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