Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8), a venture builder that creates, funds and empowers entrepreneurs, this morning announced that it will acquire 15% percent of all issued and outstanding shares of Cloud Benefit Solutions Inc. (“Cloud Advisors”) for $300,000 CAD in total consideration, subject to all requisite regulatory approvals. Cloud Advisors is an established and rapidly growing Software-as-a-Service (SaaS) platform within the group life and health insurance industry. The purchase price will be paid by the company through cash installments, pursuant to a definitive share purchase agreement to be executed between Victory Square and Cloud Advisors. “Cloud Advisors already brings superior, unrivaled data analytics, and decision-making software to the insurance brokerage space, which provides the end-client with a tailored experience,” Victory Square CEO Shafin Diamond Tejani stated in the news release. “On the other hand, our Victory Square shareholders will see that same value being added to their portfolio, accompanied by strong sales, margins, and growth rates for years to come.”
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About Victory Square Technologies Inc.
Victory Square Technologies is an emerging technology incubator and accelerator. Victory Square portfolio companies are disrupting every sector of the global economy including Blockchain, Artificial Intelligence, VR/AR/MR, Gaming and Payments. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please visit www.VictorySquare.com.
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