tiprankstipranks
Qoria Ltd. Expands with Octopus BI Acquisition
Company Announcements

Qoria Ltd. Expands with Octopus BI Acquisition

Qoria Ltd. (AU:QOR) has released an update.

Don't Miss our Black Friday Offers:

Qoria Ltd. has enhanced its data analytics and AI capabilities with the strategic acquisition of Octopus BI and has strengthened its financial position through a $30 million capital raise from institutional and sophisticated investors. The acquisition is expected to be EBITDA positive and value accretive within the first year, and Qoria plans to launch Octopus BI as Qoria Insights to tap into the K-12 education market’s growing data analytics segment. The funds raised will be allocated to the acquisition costs and for general working capital purposes.

For further insights into AU:QOR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskQoria Ltd. Resolutions Passed at Annual Meeting
TipRanks Australian Auto-Generated NewsdeskQoria Partners with SoftBank for Digital Safety in Japan
TipRanks Australian Auto-Generated NewsdeskQoria Ltd. Director Increases Stake with New Shares
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App