Vancouver software company to acquire Australia-based Link Group for CA$3.2 billion

Vancouver-based cloud software and technology solutions firm Dye & Durham yesterday announced it has entered into an agreement to acquire Link Administration Holdings, Australian record-keeping technology and information solutions provider, for cash consideration of approximately CA$3.2 billion, or AU$5.50 per common share.

Dye & Durham says that, as part of the transaction, it will also indirectly acquire Link Group’s approximate 43 per cent ownership stake in PEXA Group, which operates Australia’s digital property exchange network and helps lawyers, conveyancers and financial institutions settle transactions and file documents electronically.

“This is a transformational acquisition for Dye & Durham and represents a major step forward in our ‘Build to a Billion’ strategy to achieve CA$1 billion of adjusted EBITDA,” said Matthew Proud, chief executive officer of Dye & Durham. “This transaction will enable us to expand our proven model into adjacent markets, where Link Group’s products share the same attributes of our existing offering: digital infrastructure-like assets that provide essential services to clients and their customers and generate stable and sustainable cash flows. Link Group has achieved critical mass across multiple product categories in Australia and the United Kingdom – two of our key markets – and this acquisition both diversifies and strengthens our position in these geographies.”

This acquisition further expands Dye & Durham’s global footprint and, it said, positions the company as a clear leader in business-to-business (B2B) software and information service solutions. It will also broaden the product suite for existing clients and expand the customer base in key strategic U.K. and Australian markets, the company noted.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Pragya Sehgal
Pragya Sehgal
Born and raised in the capital city of India - Delhi - bounded by the river Yamuna on the west, Pragya has climbed the Himalayas, and survived medical professional stream in high school without becoming a patient or a doctor. Pragya now makes her home in Canada with her husband - a digital/online marketing fanatic who also loves to prepare beautiful, healthy and delicious meals for her. When she isn’t working or writing around tech, she’s probably watching art films on Netflix, or wondering whether she should cut her hair short or not. Can be contacted at psehgal@itwc.ca or 647.695.3494.

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.