- Technology company, Radial Research (CSE:RAD) has acquired ZoomPages, an e-commerce platform which simplifies sales funnel construction
- The company issued the vendors an aggregate 4fourmillion common company shares at give cents each, for a C$200,000 consideration
- Radial Research believes that the acquisition is timely, considering how COVID-19 has pushed most sales to e-commerce platforms
- One of ZoomPages’ founders, Jason Argall, will join Radial’s board of directors as part of the acquisition
- Radial Research (RAD) hasn’t moved since May 21 and is currently trading at five cents per share
Technology company, Radial Research (CSE:RAD) has acquired ZoomPages, an e-commerce platform which simplifies sales funnel construction.
The platform will prevent marketing teams from losing time dealing with developers, computer coding, and complicated page editors. This will allow marketers to focus of marketing, building, and optimising new sales funnel experiences for brands.
Radial Research acquired ZoomPages’ associated intellectual property and goodwill through an asset purchase agreement on May 28.
Under the agreement, Radial paid ZoomPages’ founders Jason Argall and Jia-Yun Liu an aggregate 4 million common company shares. At a deemed price of 5 cents per share, this represented an aggregate consideration of C$200,000.
The shares in Radial from the transaction are subject to a four-month hold period.
As part of the acquisition, Jason Argall has taken a seat on Radial Research’s board of directors. Jason brings over twenty years’ experience in digital marketing and building e-commerce brands.
He has managed development teams which built e-commerce software, including ZoomPages and Chatvertiser SMS live chat software.
Radial Research’s CEO, Peter Smith, said that the company has been searching for e-commerce related opportunities. He also noted the recent and significant impact that COVID-19 has had on online sales.
“We believe we have found an excellent, advanced e-commerce product, as well as an excellent new Board member in Jason Argall, one of the founders of ZoomPages.
“Given the recent global focus on e-commerce solutions across virtually all product lines, we feel that this acquisition is extremely timely,” he said.
Radial Research (RAD) hasn’t moved since May 21 and is currently trading at five cents per share.