Kami Takes Controlling Stake in New Zealand's Fastest Growing Software Firm
Kami Takes Controlling Stake in NZ Software Firm
Kami takes a controlling stake in New Zealand's fast-growing software firm at a $300 million valuation. This acquisition is indicative of the rising trend among American firms to invest in New Zealand technology companies. Under this deal, Kami focuses on bolstering its influence in the educational sector.
Key Highlights of the Acquisition:
- Valuation: $300 million
- Profit Margin: Crown agency makes $37 million profit
- Expanding market share across continents
The acquisition allows Kami to enhance its online tools which are already being utilized by millions of teachers and students around the globe. This strategic move underlines the increasing investment flow into New Zealand's technology landscape.
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