NEXWAY SOLD TO ASKNET AG (XTRA:A5AB)

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SOFTWARE & SAAS

SEPTEMBER 2018

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SOLD TO

Founded in 2002 by Gilles Ridel, Nexway monetizes the subscription and service economy through a Commerce-as-a-Service platform. Its clients includes top retailers and software & videogames publishers such as Kaspersky, Razer and Fnac. Nexway raised €19m from Xange, Turenne Capital, BPI France and IDinvest. Its  120 people staff is established in 8 offices around the globe.

 

asknet AG (XTRA:A5AB) is an innovative supplier of e-business technologies and solutions for the global distribution and management of digital and physical goods. Its main shareholder is The Native (SWX:NTIV), a Swiss-listed technology and media company providing best-in-class e-commerce, data analytics and blockchain technologies which recorded c.CHF100m in turnover in 2018.

 

To finance the Acquisition of Nexway, the subsequent integration and an accelerated growth plan of an expanded asknet AG, the company today resolved simultaneously a Capital Increase of 450,000 new shares of asknet AG to be issued at a price of EUR12 per share (« Capital Increase »), with the preemptive rights granted to all of the existing shareholders of asknet AG. The Capital Increase in the total amount of EUR5.4m is fully guaranteed by an investor.

 

Both companies operate highly synergetic businesses with complimentary technical capabilities, customer bases and geographic footprints. The goal of this transaction is to create a dynamic, cutting-edge and well-funded market leader in the ecommerce services business with a diverse portfolio of clients from software vendors, to gaming companies and digital marketplaces.

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