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Ackroo (TSXV:AKR) continues U.S. expansion

Technology
TSXV:AKR
16 July 2021 09:00 (EDT)

Ackroo (AKR) has increased its presence in the US market with the acquisition of InterActive DMS.

Ackroo now services close to 1,800 clients and 5,300 locations across North America. To support their US expansion, Ackroo has hired sales operations consultants based in Florida to help drive continued growth in this very large market.

“Further expansion into the US market is a key priority for Ackroo,” said Steve Levely, CEO of Ackroo. “One of the main drivers in our decision to acquire InterActive DMS was the opportunity to gain a much larger presence south of the border.

We have US-based clients using our marketing platform however, the percentage has not been significant enough to invest in areas like staffing.

With over 10 per cent of our revenues and customers now based in the US, it was time to start adding US-based talent and so we have recently hired consultants based in Florida to help support and drive sales growth for us. We are also in talks with several new US-based partners for our marketing, payment and point-of-sale offerings and expect some great organic growth to come from these new relationships.”

Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes. Ackroo’s self-serve, data-driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale in order to attract, engage and grow their customers while increasing their revenues and margins.

Ackroo’s payment services provide merchants with low-cost payment processing options through some of the world’s largest payment technology and service providers. Ackroo’s hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industry’s including golf clubs, automotive dealers and more.

Ackroo Inc. (AKR) opened trading at C$0.235 per share.

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