Browse > Home / Press Releases / Maximizer Completes Going-Private Transaction

Maximizer Completes Going-Private Transaction

December 15, 2009 by CRM Help Desk

Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.

Vancouver’s Maximizer Software Inc. (TSX:MAX) has completed a going-private transaction led by the family of company chair Terrence Hui.

The deal, announced in October, involved a company indirectly owned by Hui’s family acquiring all of Maximizer’s shares for $0.12 per share.

The deal was approved by shareholders on Wednesday and given court approval Thursday.

Maximizer has had a difficult year in 2009, with nine-month revenue falling 30% for the period ending August 31, 2009 to US$9.1 million from US$13 million. The bulk of the revenue decline was due to a 31% drop in revenue of its Maximizer CRM software because of recession-related sales declines.

The company’s net loss for the period rose to $1.3 million from $1.1 million. But the loss was muted by a 28% decline in administrative, selling and marketing costs. Research and development costs also fell 22.5% in the past nine months.

Maximizer’s share price range during the past week: between $0.11 and $0.115; 52-week high: $0.12; 52-week low: $0.01.

Post to Twitter


Tagged:

Related Articles on CRM Help Desk Software.com

Recent Articles on CRM Help Desk Software.com

Free Newsletter

Sign up for the free Daily newsletter, filled with tips and ideas on how to choose a proper CRM, Help Desk, Customer Support, or Enterprise Content Management software system. Your email address will be kept confidential and won't be shared. Easily unsubscribe at any time.

If you enjoy the free information available on this site, you're sure to enjoy the free newsletter as well:

Enter your email address:

Delivered by FeedBurner

Share and Enjoy:

Written by CRM Help Desk · Filed Under Press Releases 

Comments



CRM Help Desk Software