Lumine Group Inc. completed the acquisition of Titanium Software Holdings Inc.
Lumine Group Inc. completed the acquisition of Titanium Software Holdings Inc for $55.8 million on March 8, 2023. Titanium Software Holdings Inc paid cash consideration of $31.4 million on closing plus cash holdbacks of $14.4 million and contingent consideration with an estimated acquisition date fair value of $4.1 million for total consideration of $49.9 million. For this arrangement, which includes a maximum, or capped, contingent consideration amount, the contingent consideration is not expected to exceed $10.0 million. The cash holdbacks are payable over a two-year period.