Brave Bison Group Acquires Digital Commerce Firm Best Response Media.
MANews-(C)2009-2022
UK-based social and digital media company Brave Bison Group plc (LSE: BBSN) has acquired digital commerce firm Best Response Media Ltd, the group said.
Best Response Media is a specialist ecommerce and mobile development company focused exclusively on the Adobe Commerce platform.
BRM was acquired for a total purchase price of approximately GBP 1.0m and an enterprise value of GBP 0.35m (USD .44m).
The acquisition was funded using Brave Bison's cash resources and is expected to be earnings enhancing in the current financial year.
In the year ended 31 July 2021, Best Response Media generated revenues of GBP 1.31m and a profit before tax of GBP 0.31m. Unaudited net assets as at 31 July 2021 were GBP 1.1m.
Best Response Media was founded in 2009 and works with a number of...
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