The specialist in the automation of documentary processes and the dematerialization of management documents will take a majority share of capital in this company, which helps purchasing professionals to better control their costs and centralize their data.
Esker takes control of Market Dojo | Photo credits: Shutterstock.com/bloomua
Small strategic operation for Esker, which announces to take control of Market Dojo by acquiring 50.1% of the company’s capital. Market Dojo, which helps purchasing professionals better control their costs, reduce risks and centralize their data by digitizing sourcing and supplier activities.
” Unlike other software vendors, Market Dojo offers transparent pricing, on-demand, and can be fully self-service. With free access, users can make informed decisions before committing “, Explains Esker in his press release. ” In a world where the mastery of supply chain [chaîne d’approvisionnement] is an essential success factor, but also a strategic risk to be mastered, the control of the sourcing process appears to be critical for companies of all sizes. “
The transaction must be finalized during the first quarter of 2022 and the balance of the capital bought back at the end of a period of four years. No amount is disclosed, but Esker indicates that “ it will acquire the remaining 49.9% on the basis of the same valuation multiples as for the first operation (13 times the annual recurring cloud turnover). »20% of the acquisition price will be paid to the managers of Market Dojo in Esker shares that they undertake to keep for a minimum period of two years for the two stages of the acquisition.
DL