Byzen Digital News
News and Press Releases
Byzen Digital Signs Letter of Intent
today announced that it has signed a Letter of Intent to acquire majority ownership of Comparison Group, a marketing and software solutions start-up powering sites in the price comparison space. Definitive agreements for the acquisition are expected to be signed shortly.
Comparison Group was founded by British computer scientist Jason Reed, a former programmer and project manager for several investment banks including Natwest Stockbrokers, Deutsche Bank and Barclays Capital. The purchase will provide Comparison Group with funding to roll out innovative currency comparison sites to the lucrative UK and European markets.
Byzen Digital CCO Chris Percy commented, “Following intensive negotiations, we are pleased to agree to terms to acquire a majority stake in Comparison Group that will provide them with funding to scale their operations for growth. The deal will also assist Byzen Digital in achieving its strategic goals on a number of fronts including providing an attractive revenue stream from entering the UK and European currency comparison markets. We have also identified a host of potential secondary applications for Comparison Group’s innovative search and comparison technology in niche retail and commercial sectors.”
Commenting on the agreement, Mr. Reed said: “I’m immensely pleased to partner with Byzen Digital to bring Comparison Group to market. The company’s financial and strategic support will be invaluable as we work to reach our goal to capture a significant market share of the European currency comparison market.”
The acquisition is part of Byzen Digital’s previously announced intensive mergers and acquisitions campaign which is expected to result in the announcement of at least one transaction each quarter during 2019 and 2020.
Byzen Digital Announces New Board Appointments
Byzen Digital Inc today announced several appointments to its advisory board.
US tech firm Byzen Digital Inc. has announced the formation of an advisory board featuring a wealth of leadership experience in property, fintech, finance, digital asset management and more.
The four-strong panel is set to provide valuable strategic input as Byzen Digital executes a new business plan designed alongside strategic investment associate, The Axiom Partnership.
Bringing more than 35 years’ experience of growth acceleration in telecoms, property development and finance, new advisory board member Shaun Wootton’s experience in closing +$200M deals will prove invaluable as Byzen Digital carries out an intensive mergers and acquisitions campaign over 2019-20.
Further financial expertise will be provided by Garry Potticary, who enjoys more than 30 years of experience in financial markets, acquisitions and investments.
Board members will also offer insights into the commercial deployment of new technology as Byzen Digital develops its capacity as a provider of consultancy services over the next two years.
David Black brings experience the design and delivery of high profile, high volume identity-related solutions for the UK and US Governments, and law enforcement agencies.
He is joined by Sam Buxton, a successful fintech entrepreneur specialising in digital shared ledger technology and digital asset management.
Sam is co-founder and CEO of Digital Asset Management Ltd, a digital asset broker dealer and custodian based in Gibraltar. He is also a non-executive director of Verity, the decentralised oracle for smart contracts backed by Bill Gates, Mark Zuckerberg and Jeff Bezos.
Commenting on the appointments, Byzen Digital COO Tom Beckett said: “Following lengthy negotiations, we are incredibly excited to announce the formation of our advisory board.
“The assembled team represents our first choice for providing leadership and strategy across several key areas during a phase of intensive company growth over the next two years and beyond.
“The broad makeup of the board places at Byzen Digital’s disposal a wealth of business acumen from across the spectrum of business and technology. We look forward to working with the board to realise our exciting plans.”
Byzen Digital Enters Binding Letter of Intent
Byzen Digital Inc. today entered into a binding letter of intent to acquire Fortune8 Technologies, a technology specialist which brings innovative Chinese products to the UK and European retail market.
The deal paves way for future Byzen Digital acquisitions to source technology hardware from China at a competitive price point, and opens access to the lucrative Asia-Europe consumer technology import market. The purchase is part of Byzen Digital’s intensive M&A campaign, which is expected to result in a minimum of one announced deal per financial quarter during 2019 and 2020.
Byzen Digital CCO Chris Percy commented, “We are very excited about the purchase of Fortune8 Technologies, our first acquisition under the Axiom Partnership. The addition of this company into Byzen Digital’s portfolio affords us a host of competitive advantages in dealing with the Chinese and Asian markets. Our discussions have already opened a wealth of valuable connections in Asia, and we believe that the importation of Chinese innovative technology to the UK and Europe will be a significant revenue generator for Byzen Digital.”
Fortune8 Technologies is one of several target companies undergoing due diligence by Byzen Digital and its strategic investment partner, The Axiom Partnership. The Axiom Partnership has pledged up to $10.0 million of financial support to Byzen Digital for the completion of acquisitions over the next two years. The Axiom Partnership is to offer commercial and strategic support with the purchase of Fortune8 as part of the two companies plans to develop a global portfolio of profitable emerging and disruptive technology companies.
Byzen Digital Issues Shareholder Update
Byzen Digital Inc. today issued a shareholder update with details of potential M&A targets.
Chris Percy, President of Byzen Digital, commented, “In 2018, we restructured our business plan, added new management and continued to focus on our long-term goals and aspirations. As we execute our plans and strategies for 2019, we are advancing in various stages of negotiation with four outstanding potential acquisition targets.
“One of our initial targets is a software development and digital solutions provider which we expect to contribute a robust technological infrastructure that can be readily integrated with our additional acquisitions. This target also has excellent prospects for generating significant revenue. We are also assessing a deal within the digital asset management niche which will form the basis for Byzen Digital’s provision of services within this emerging sector. Finally, we have identified two early stage companies which we believe can disrupt the UK’s housing market, their current technological demands form excellent synergy with the capabilities of the two other targets already mentioned.
“Byzen Digital expects to proceed with a letter of intent to one or more of these companies in Q1 2019.
“This corporate activity marks the launch of an aggressive acquisition plan that has the potential to propel Byzen Digital into a multi-talented, one-stop technology agency with many subsidiaries and large opportunities for cross-selling or production,” concluded Mr. Percy
Byzen Digital Announces OTCQB Listing Plans
Byzen Digital Inc today announced the Company’s plans to pursue an uplisting of its common shares to the OTCQB operated by the OTC Markets Group.
The Company believes that a move to the OTCQB will provide enhanced investor benefits as the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier. The move is a step towards Byzen Digital’s long-term goal of becoming a listed company on the NASDAQ national exchange.
Commenting on the announcement, Byzen Digital president Chris Percy said, “I am pleased to announce our intention to apply for listing on the OTCQB. It has always been our intention to one day trade on a national exchange and we are now taking the first steps towards achieving that goal. This listing is part of an ongoing drive to strengthen Byzen Digital’s operational business and corporate activity as the company looks towards implementing its acquisition strategy in 2019.
“This is a very exciting time for Byzen Digital. We believe that the acquisitions we are targeting are set to add value, management infrastructure and excellent opportunities for revenue growth,” concluded Mr. Percy.
Axiom Partnership CEO Tom Beckett added: “We are delighted to announce our intention to seek a listing on the OTCQB for Byzen Digital’s common shares and we believe this news will be welcomed by shareholders. It is our hope that this listing will enhance the company’s access to global markets and place the company at a better vantage point for achieving the long-term commercial objectives developed in partnership with Byzen Digital’s board.”
The application process does not guarantee acceptance of the Company’s application by the OTC Markets Group to the OTCQB
Byzen Digital Appoints Precision Partners
US-technology firm Byzen Digital Inc is to welcome executive search consultant, Tony Summers to its board, following the appointment of Precision Projects as technology partner.
Mr Summers’ new role is one of several new appointments to Byzen Digital over coming months as the company builds an advisory committee to oversee a planned mergers and acquisitions campaign in 2019.
Byzen Digital CCO Chris Percy said Anthony’s experience in banking and fintech recruitment, as well as excellent business links in Gibraltar, Dublin and London, would be vital to the identification and restructuring of acquisitions.
Mr Summers and Precision Projects will also provide vital IT recruitment support, said Chris.
He added: “We are pleased to welcome Tony Summers to the Byzen Digital team. He is a valuable asset in assisting Byzen Digital in widening its commercial contacts in the ever-developing tech sector.
“Tony’s experience in search and recruitment is a natural fit for the vision of the organisation going forward and we have no doubt that his leadership and vision will prove invaluable as the company puts into action a plan for rapid and sustained growth over 2019-20 and beyond.
“The strengthening of our management team, including the appointment of Mr Summers, places Byzen Digital in an ideal strategic position from which to enact these plans and commence due diligence on a pipeline of potential tech acquisitions.”
Mr Summers said: “I am immensely pleased to begin working with Byzen Digital, especially at such an exciting time in the company’s timeline. I look forward to putting my skills and experience to use with the company and playing my part in the ongoing success of Byzen Digital.”
Byzen Digital Launches New Website
Byzen Digital Inc today unveiled a new website to reflect its repositioning in the tech mergers and acquisitions arena.
The site sets out the company’s vision to emerge as a market leader in tech mergers and acquisitions over the next half decade and is accompanied by a bold new rebranding for the company.
Byzen Digital CEO Chris Percy said: “We are very excited to finally reveal the design of Byzen Digital’s new website, which better communicates the company’s bold ambitions to shareholders and stakeholders.
“The site, along with the company’s rebranding, represents a fresh platform from which to launch a major acquisition campaign beginning in Q1 2019. The management team has already identified a potential portfolio of exciting prospects for which due diligence is underway.”
The announcement follows news that the company recently appointed the Axiom Partnership as investment partner to provide strategic guidance over the merger and acquisitions campaign.
Axiom Partnership CEO and Byzen Digital COO Tom Beckett said: “We felt it was important to make a statement that reflects Byzen Digital’s evolving ambition and cements the company’s position as a growing tech mergers and acquisitions organisation.
“The new website makes Byzen Digital future-proof and is set to support the company’s ambitions into the long-term. We look forward to witnessing the growth and development of the site in parallel to the company itself.”
Axiom Appointed Strategic Investment Partner to US Tech Firm
The Axiom Partnership has been appointed as strategic investment partner of US-based public company Byzen Digital Inc, enabling Byzen to move forward with a targeted pipeline of acquisitions in the technology sector.
Axiom and Byzen have identified a number of potential portfolio additions which will now undergo thorough due diligence and suitability audits. Acquisition criteria include mass market appeal with evidenced application, as well as full confidence in the businesses’ intellectual property and personnel.
The Axiom Partnership will offer its commercial experience and expertise to develop a global portfolio of profitable, emerging, and disruptive technology companies. Underpinning this strategy is a pledge to allocate up to $10 million to complete acquisitions over the next two years.
Commenting on the appointment, Axiom CEO Tom Beckett said: “Following 12 months of negotiations, I’m delighted to announce an exciting new working partnership with Byzen Digital Inc.
“With its focus on emerging tech, Byzen is a logical selection. This appointment marks the beginning of a new growth chapter and a continuation of Axiom’s journey at the vanguard of digital change.”
The new relationship will see the first member of the Axiom Partnership join the Byzen board imminently, with further appointments planned over coming months as the company builds an advisory committee during the expected strong growth in 2019-2020 and beyond.
Byzen Digital Inc. signs letter of intent with XALPA Technologies Inc.
Byzen Digital Inc today announced the successful sale of its UK blockchain subsidiary, Telecoin, to XALPA Technologies Inc.
Completion will free Byzen from the multi-solution blockchain platform, paving the way for the company to embark on a planned mergers and acquisitions campaign with companies in the wider technology space.
Commenting on the deal, Byzen CEO Chris Percy, said: “Given the current strategy of Byzen Digital, the board of management believes that this deal will give us an open playing field for engagement with other blockchain players as we explore opportunities in the broader technology sphere.
“Bringing some 16 million shares back into the company treasury, this deal will benefit both Byzen Digital INC shareholders and the Telecoin organisation, which will continue to develop under XALPA Technologies’ ownership.
“We will now be able to cement those new relationships and move on with some very significant partnerships and acquisitions.”
US-Tech Firm Byzen Appoints Axiom Director
US-technology firm Byzen Digital Inc is to welcome Axiom Partnership CEO Tom Beckett to its board.
Following the announcement that the partnership is to act as Byzen’s strategic investment partner, Mr Beckett’s new role is the first of several Axiom appointments to the Byzen board planned over coming months.
Tom brings to the board leadership experience in a diverse range of sectors and will offer his commercial expertise to Byzen as it develops a portfolio of profitable tech companies over the next two years.
Commenting on the appointment, Byzen CEO Chris Percy said: “We are pleased to welcome Tom onboard at Byzen. His formidable experience in the tech and fundraising space will prove invaluable as the company puts into action a plan for rapid and sustained growth over 2019-20 and beyond.
“Strategic direction from Tom and the Axiom team puts Byzen in a stronger position than ever. And it means the organisation is ready to move forward with due diligence on our exciting potential acquisition targets in the tech sector.”
Axiom CEO Tom Beckett added: “I have worked closely with Byzen over the past 12 months while positioning the Axiom Partnership as the company’s strategic investment partner. I look forward to continuing an already fruitful relationship, and to playing an integral long-term role as Byzen continues its development as a major player in the technology space.”