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Onfolio Holdings Inc. Completes Acquisition Of Proofread Anywhere, Inc.

Oct 17, 2022almost 3 years ago

Acquiring Company

Onfolio Holdings

Acquired Company

Proofread Anywhere

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Description

Onfolio Holdings, Inc. (Nasdaq: ONFO, ONFOW) (“Onfolio”), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced the completion of its acquisition of Proofread Anywhere and its related assets from BCP Media, pursuant to an agreement entered into on October 13, 2022. The transaction closed the following day, October 14, 2022.

Company Information

Company

Onfolio Holdings

Location

Dover, Delaware, United States

About

At Onfolio, we buy small online businesses and websites, focus on growing those businesses, and extract the extra cash flows we generate. With diversified holdings and years of marketing and operations experience, we mitigate the risks traditionally associated with investment in digital companies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed