Pluribus Technologies Acquires Social5

January 31, 2022

Pluribus Technologies Corp. (TSXV: PLRB) has acquired all issued and outstanding shares of Veemo, Inc., the sole member of Social5, a profitable social media marketing technology company serving SMBs. The acquisition is part of Pluribus' roll-up strategy in the eCommerce vertical to expand recurring revenue, leverage proprietary content-distribution technology and create cross-selling opportunities across its portfolio.

Buyers
Pluribus Technologies Corp.
Targets
Social5
Sellers
Current shareholders of Social5
Location
Utah, United States
Transaction Type
Buyout

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