Diginex to acquire Resulticks in $2 billion deal

Published 05/06/2025, 12:28
Diginex to acquire Resulticks in $2 billion deal

LONDON - Diginex Limited (NASDAQ:DGNX), a sustainability RegTech company currently valued at $1.06 billion, announced today its plans to acquire Resulticks, a global leader in AI-driven customer engagement. The deal, valued at $2 billion, will be paid in cash and shares, with the intent to bolster Diginex’s data management and artificial intelligence capabilities. The announcement comes as Diginex’s stock has experienced significant volatility, with InvestingPro data showing a 21% decline in the past week.

According to the terms of the Memorandum of Understanding (MOU), the acquisition will be completed in three parts: $1.4 billion in Diginex shares at $72 per share with a lock-up period of 12-18 months, $100 million in cash payable within 90 business days after closing, and an earnout of up to $500 million in Diginex shares, contingent upon Resulticks achieving certain EBITDA thresholds over the next three fiscal years. This comes as Diginex reports challenging financial metrics, with InvestingPro showing a negative EBITDA of $8.52 million and a concerning current ratio of 0.07, indicating potential liquidity challenges.

Resulticks, headquartered in Singapore, specializes in real-time, omnichannel client engagement automation platforms that utilize AI and big data analytics. The acquisition is expected to enable Diginex to provide more comprehensive data-driven sustainability solutions and expand into new verticals.

Miles Pelham, Chairman & Founder of Diginex, expressed enthusiasm about the acquisition, stating it will "strengthen our balance sheet and profitability" and "deepen our expertise in AI and data management." He highlighted the potential of integrating Resulticks’ technology with Diginex’s existing sustainability platforms.

Redickaa Subrammanian, Co-Founder and CEO of Resulticks, also commented on the partnership, emphasizing the synergy between the two platforms in optimizing customer engagement and ESG intelligence.

This move follows Diginex’s recent MOU to acquire Matter DK ApS, announced on May 27, 2025, which is expected to expand the company’s sustainability data and analytics offerings. The acquisition of Resulticks is seen as a strategic step in positioning Diginex as a global leader in innovative, data-driven solutions for client and sustainability engagement. With current revenue of just $1.18 million, this acquisition represents a significant scaling effort. For detailed analysis of Diginex’s valuation and growth prospects, including 13 additional key insights, visit InvestingPro.

The transaction is subject to definitive agreements, satisfactory due diligence, and other customary closing conditions. This news is based on a press release statement from Diginex.

In other recent news, Diginex Limited has attracted a significant investment from His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, who has acquired warrants to purchase 6.75 million ordinary shares in a deal valued at USD 300 million. This transaction, executed through Nomas Global Investments L.L.C “ S.P.C, underscores Diginex’s growing relationship with the UAE and its focus on sustainable finance. The investment will eventually give His Highness approximately 22.7% of Diginex’s outstanding shares, with the company receiving about USD 69.2 million upon full exercise of the warrants. Additionally, Diginex has formed a strategic alliance with Forvis Mazars to enhance its ESG platform, diginexLUMEN, which aims to help businesses manage supply chain risks related to climate and social issues. This partnership combines Diginex’s technological capabilities with Forvis Mazars’ expertise in ESG advisory, providing clients with insights into supply chain risks and governance processes. Both developments highlight Diginex’s commitment to advancing ESG technology and fostering global sustainability initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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