Quisitive Technology Solutions (TSE:QUIS) has released an update.
Quisitive Technology Solutions Inc. has streamlined its focus on Microsoft Cloud and AI solutions by divesting its BankCard USA unit, significantly improving its financial stance with a $35 million debt reduction and aiming for growth in AI services. The transaction not only simplifies the company’s operations but also projects a stronger balance sheet with a pro forma Adjusted EBITDA of $16.4 million. This strategic move is set to cater to increasing market demand and enhance shareholder value.
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