Comparison Group Operates Currency Comparison Sites in the UK and Europe
NEW YORK, NY, Feb. 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Byzen Digital Inc. (OTC PINK: BYZN), a technology mergers and acquisitions company, today announced that it has signed a Letter of Intent to acquire majority ownership of Comparison Group, a marketing and software solutions start-up powering sites in the price comparison space. Definitive agreements for the acquisition are expected to be signed shortly.
Comparison Group was founded by British computer scientist Jason Reed, a former programmer and project manager for several investment banks including Natwest Stockbrokers, Deutsche Bank and Barclays Capital. The purchase will provide Comparison Group with funding to roll out innovative currency comparison sites to the lucrative UK and European markets.
Byzen Digital CCO Chris Percy commented, “Following intensive negotiations, we are pleased to agree to terms to acquire a majority stake in Comparison Group that will provide them with funding to scale their operations for growth. The deal will also assist Byzen Digital in achieving its strategic goals on a number of fronts including providing an attractive revenue stream from entering the UK and European currency comparison markets. We have also identified a host of potential secondary applications for Comparison Group’s innovative search and comparison technology in niche retail and commercial sectors.”
Commenting on the agreement, Mr. Reed said: “I’m immensely pleased to partner with Byzen Digital to bring Comparison Group to market. The company’s financial and strategic support will be invaluable as we work to reach our goal to capture a significant market share of the European currency comparison market.”
The acquisition is part of Byzen Digital’s previously announced intensive mergers and acquisitions campaign which is expected to result in the announcement of at least one transaction each quarter during 2019 and 2020.
About Byzen Digital Inc.
Byzen Digital is a high-growth organisation focused on mergers and acquisitions in the technology space. Originally set up to service the growing blockchain sector, Byzen Digital’s scope has quickly grown beyond its initial focus to incorporate start-ups and SMEs from the wider technology arena including cyber security, data storage, cloud-tech, analytics, software and digital applications.
The Byzen family provides vital strategic insight, global funding access and a robust corporate structure to support its incorporated ventures in positioning concepts for global success.
For more information go to: www.byzendigital.com
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