Fision Corporation Announces Closing of the Acquisition of Score, Inc.
June 03 2021 - 10:25AM
InvestorsHub NewsWire
Fision Corporation Announces Closing of
the Acquisition of Score,
Inc.
Minneapolis,
MN -- June 3, 2021 -- InvestorsHub NewsWire
-- FISION Corporation
(OTC:
FSSN), a leading provider
of cloud-based digital asset management, sales enablement, and
agile marketing technologies, has closed on the acquisition of
Score, Inc.
Scoreinc.com
currently
provides enterprise
software
business
to business solutions for approximately 100 U.S. companies in the
credit repair space.
On May 20, 2021 the
Board of
Directors of Fision unanimously
voted to
acquire 100% of the stock of
Score,
Inc and
appoint Joshua Carmona, its
CEO, to the
Fision
Board of Directors
and as
Fision's
Chief Operating Officer. Mr. Carmona has
experience in the management and operation of enterprise software
companies. The details of the
transaction and the agreements are in an
8k that
was filed with the U.S.
Securities and
Exchange
Commission
on June
1, 2021.
Both companies believe that Fision's and Scoreinc.com
are
complimentary to each
other and a combined product offering will
be a
value-added proposition to
the enterprise customers of the respective companies.
The
acquisition of Score should more than double the annual
revenues of the Company
in
fiscal
2021
over 2020
and
could make a
significant contribution to becoming operationally cash flow
positive in the short to medium term.
The
Company intends to give a more
comprehensive update on the progress of its surgery center project
in Ft. Myers by the end of
Q2. The
Company has engaged
Theodore Kalem of HRA Capital who has
extensive experience in healthcare investment banking to assist
with the execution of this project.
About FISION Corporation
FISION is
the nation's leading provider of agile marketing software that
simplifies collaboration across global organizations, and more
effectively manages brand and marketing content. FISION's patented
technology brings unrivaled capabilities to enterprise users across
more than 20 countries, including
some of the world's largest corporations in healthcare,
hospitality, financial/insurance, software, and technology.
For more
information visit www.FisionOnline.com or email at IR@FisionOnline.com.
About Score, Inc.
Success
in today's environment requires that businesses lead through
increased complexity and volatility, drive operational excellence
and enable collaboration across enterprise functions, to develop
higher quality leadership and talent, and manage amidst constant
change. The ScoreWay Credit Repair Business Solution integrates
Score's secure, reliable, scalable SaaS (Software as a Service),
it's proven world-class dispute process, bundled with its unique
one-on-one coaching /
mentoring and revenue generating services. For more information
visit www.Scoreinc.com.
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