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An update from ReadyTech Holdings Ltd. ( (AU:RDY) ) is now available.
ReadyTech Holdings Limited has announced the acquisition of CouncilWise Pty Ltd to enhance its capabilities in providing cloud-based solutions for local government. This strategic move will bolster ReadyTech’s Property & Rates engine, expand its national footprint, and offer upselling opportunities to CouncilWise’s existing local council clients. The acquisition, valued at up to $8 million, aims to accelerate ReadyTech’s cloud strategy and strengthen its market position by integrating CouncilWise’s expertise into its Ready Community platform, thereby providing enhanced solutions for local councils across Australia.
More about ReadyTech Holdings Ltd.
ReadyTech is a leading provider of mission-critical SaaS solutions for various sectors, including education, employment services, workforce management, government, and justice. The company specializes in people management systems, offering technology that supports students, apprentices, payroll, employment services, and community engagement.
YTD Price Performance: 2.90%
Average Trading Volume: 84,115
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$388M
Find detailed analytics on RDY stock on TipRanks’ Stock Analysis page.
