Hansen to acquire US billing company

Company News

by Jessica Ellerm

Hansen Technologies Limited (ASX:HSN) has announced plans to acquire PPL Solutions, a US business processing outsourcing company.
Hansen has indicated the purchase will extend its footprint into a new market segment in the US.
PPL Solutions recurring revenue stream model, SaaS services and proprietary IP align with Hansen’s key acquisition criteria and plugs a solution gap in its existing portfolio of billing services. 
PPL Solutions is expected to represent approximately 7 percent of the combined Hansen worldwide EBITDA.
Hansen Technologies Limited reported a net profit of $12.63 million at 31 December 2015.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.