Smtp Inc (SMTP) CEO Jonathan Strimling says the company wants to broaden its suite of services beyond a delivery platform to meet e-mail users’ needs. He says the company will build some additional capabilities internally, and may look outside for other opportunities.
“In February of this year, we raised capital and uplisted the company to Nasdaq,” Strimling says. “One of the primary drivers for doing this was to strengthen our position to pursue acquisition opportunities, and we believe these acquisitions can be accretive in three ways.”
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Strimling says acquisitions will help the company strategically but provide some of the additional services customers are seeking. And, he says acquisitions could be accretive operationally because SMTP has a low cost structure that it can leverage and bolt other businesses on to.
“And then, we think it’s accretive financially because we think we trade at a discount because we’re small,” Strimling says. “And just as we grow scale, we should see multiple executions as well.”
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