Bigtincan (ASX:BTH) has agreed to pay $22.6 million for ClearSlide, a sales engagement technology platform leader with hundreds of customers across three continents.
The company has estimated annualised recurring revenue of $6.9 million.
Bigtincan has completed a $35 million institutional equity raise to support the purchase.
ClearSlide's customers include The Economist and GoDaddy and the acquisition will add 32 staff members to Bigtincan's books.
Shares in Bigtincan (ASX:BTH) are trading 2.24 per cent lower at $1.09.