Novatti Group Limited (ASX:NOV) entered into an agreement to acquire business and assets of Emersion Software Systems Pty Ltd for an enterprise value of AUD 2.6 million on April 2, 2020. Under the terms of consideration, the consideration for the acquisition comprises a AUD 1 million cash component which is payable over monthly installments of varying amounts until June 2021, with the first payment of AUD 0.1 million due at completion and a shares component comprising 16,725,000 Novatti fully paid ordinary shares which is payable in two tranches, the first being 7,493,256 shares at completion and the balance of 9,231,744 shares afterwards which will be subject to voluntary escrow until March 31, 2021. Transaction is bolt on acquisition which foster the technology and staffing synergies of Novatti and build Strong high growth thematics automation, digital transactions, subscriptions services and accumulative recurring revenues growth. Transaction shows positive cash flow and EBIDTA which is priced approximately 2 multiple of annualized recurring revenue. The transaction is subject to approval of shareholder of Novatti and conditional upon finalization of new employment contracts, execution of relevant documentation with the third-party nominees. Transaction is expected to complete in April 2020. Novatti Group Limited (ASX:NOV) completed the acquisition of business and assets of Emersion Software Systems Pty Ltd on April 9, 2020. Trevor Presser and Franz Kiel of Presser & Co, acted as financial advisor to shareholders of Novatti Group Limited.