Thryv Holdings in Talks to Acquire Sensis Holdings
January 06, 2021 at 08:24 am EST
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Thryv Holdings, Inc. (NasdaqCM:THRY) announced it is in discussions to acquire Sensis Holdings Pty Ltd. The company said, "The acquisition will allow Australia's entrepreneurs to run their businesses smarter by using Thryv. Australia is experiencing a digital revolution and SMBs are embracing tools to adapt to a rapidly changing landscape. Australia boasts 2.3 million SMBs, which Thryv will target with its small business software. The acquisition will also bring more than 100,000 existing Sensis clients under the Thryv Inc. banner, many of which are ideal candidates for the Thryv SaaS platform.Other SaaS companies are not experienced in maximizing cash flow and profitability of a business like Sensis, but Thryv is uniquely qualified in this arena because of its prior experience in delivering accretive acquisitions, and moving clients to Thryv's SaaS platform will further maximize the value of the Australian assets. The Thryv team has demonstrated how to manage an existing business while reducing debt, methodically delivering SaaS solutions, and converting customers. This provides an attractive Customer Acquisition Cost for our software offering. Sensis Chief Executive Officer John Allan said the potential acquisition benefits both companies from a financial, customer and organizational alignment perspective." The company's previously issued outlook for fiscal year 2020 remains unchanged.
Thryv Holdings, Inc. is a software and marketing services company that enables small-to medium-sized businesses (SMBs). The Companyâs software as a service (SaaS) platform, Thryv, is used by approximately 65,000 businesses, to manage their end-to-end operations. The Companyâs solutions enable its SMB clients to generate new business leads, manage their customer relationships, and run their day-to-day operations. It serves approximately 350,000 SMB clients through four segments. Thryv U.S. Marketing Services segment includes its print and digital solutions business in the United States. Thryv U.S. SaaS segment includes the Company's SaaS flagship all-in-one small business management platform in the United States. Thryv International Marketing Services segment comprises Thryv's print and digital solutions business outside the United States. Thryv International SaaS segment includes its SaaS flagship all-in-one small business management platform outside the United States.
THRYV HOLDINGS, INC. 
