Onfolio Holdings has completed the previously disclosed transaction to acquire the majority interest in the assets of SEO Marketing Inc. doing business as “DDS Rank.” The acquisition was made possible with the assistance of Onfolio’s Special Purpose Vehicle “Onfolio Agency SPV LLC,” which is taking a minority interest in the business. DDS Rank provides dentists with digital marketing services including search-engine optimization, paid advertising, and web design. During 2023, DDS Rank generated approximately $310,000 in revenue and $190,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization. Onfolio believes that within the next 1 or 2 fiscal quarters, it can double the revenue and EBITDA of DDS Rank through increased marketing efforts and operational improvements.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONFO:
- Onfolio Holdings Inc. Completes DDS Rank Acquisition
- Onfolio Holdings Inc. To Acquire DDS Rank Business
- Onfolio to acquire DDS Rank business for $600,000
- Onfolio announces results from implementation of operational streamlining
- Onfolio Holdings Inc. Announces Positive Results From Successful Implementation of Operational Streamlining
Questions or Comments about the article? Write to editor@tipranks.com