AllPennyStocks.com Digerati Strengthens on Purchasing Nexogy

Digerati Strengthens on Purchasing Nexogy

Digerati Strengthens on Purchasing Nexogy By: Dylan Sikes – AllPennyStocks.com News

Wednesday, September 25, 2019

They love to buy, and it shows.

Miami-based Digerati Technologies, Inc. (OTC:DTGI) a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market, announced today that it has entered into a definitive agreement to acquire Nexogy, Inc., a leading provider of cloud communication and broadband solutions tailored for businesses, and also based in Miami. 

Wednesday’s news release revealed that, on a trailing 12-month pro forma basis, the combination of T3 and Nexogy generated $12.7 million in annual revenue while the consolidation of telecommunications infrastructure and integration of cloud PBX platforms and back-office systems is expected to produce cost savings and EBITDA improvements.  DTGI anticipates producing nearly 20% in operational EBITDA with synergies derived from the combined operation.

Digerati CEO Arthur Smith said, "The acquisition of Nexogy aligns perfectly with our strategic plan and meets the geographic, financial, and technological criteria of our disciplined M&A strategy.” 

DTGI shares spiked a penny, or 10%, to 11 cents, on volume of 105,000 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Power Systems Maker Surges on New Growth Financing
Graphite Microcap Soars on All-Cash Buyout at 71% Premium
Saskatchewan Natural Hydrogen Story Surges 10% on High Readings
Most Popular
{{ index + 1 }}
AllPennyStocks.com Favorites


Back to Top