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Threed Capital Inc. Reports Peak Fintech Group Inc. Completes Acquisition Of Cubeler Inc.

Oct 02, 2021•about 4 years ago

Acquiring Company

Peak Fintech Group

Acquired Company

Cubeler

Lending And InvestmentsFinancial ServicesOther

Description

ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to report that Peak Fintech Group Inc. (CSE: PKK) (“Peak”), an innovative Fintech service provider and manager of the Cubeler Business Hub, has officially acquired 100% of the issued and outstanding shares of Cubeler Inc. (“Cubeler”) in exchange for $1,000,000 in cash and 11,133,012 common shares of Peak (the “Acquisition”). Cubeler is an analytics and AI company and the developer and owner of the technology that powers Peak’s Business Hub.

Company Information

Company

Peak Fintech Group

About

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating primarily in the commercial lending industry. Peak's subsidiaries bring together lending financial institutions and businesses to create the Cubeler Business Hub, an ecosystem where analytics and artificial intelligence are used to facilitate transactions among members of the ecosystem. For more information: http://www.peakfintechgroup.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
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