Lleidanetworks Stock Price, News & Analysis

Lleida.net has finalized the purchase of 100% of inDenova's stock for 7.1 million euros, which includes assuming 1.6 million euros in financial debt. The acquisition aims to enhance Lleida.net's EBITDA to over 3.96 million euros, with a combined turnover of 19.7 million euros. The deal will be financed through bank loans and will involve staged payments over four years. The acquisition is part of Lleida.net's inorganic growth strategy.

Lleida.net has entered into a Memorandum of Understanding with Smart Africa to enhance digitization of public services across African nations. This agreement, signed on October 18 during the Dubai Expo, will allow local organizations to implement digital projects without significant infrastructure investments. Smart Africa partners with major tech firms, aiming to propel digitization on the continent, which has 650 million mobile phones and 525 million internet users. Lleida.net's SaaS offerings have shown a growth in utilization, surpassing the total for all of 2020 in just the first nine months of 2021.

Lleida.net has secured a partnership with Protección S.A., Colombia's second-largest pension fund administrator, to provide registered electronic signature, notification, and contracting services. This agreement will facilitate 10,000 transactions monthly across 20 categories, streamlining Protección S.A.'s operations. With over 2.5 million members, Protección manages various pension plans and insurance. This contract highlights Lleida.net's growing influence in Colombia, complementing its recent extension with the national postal service. The company boasts a strong patent portfolio and significant international service reach.

Lleida.net has exceeded its SaaS services production for the first three quarters of 2021, delivering over 22.7 million units, surpassing the total for 2020. This growth reflects a 43.85% increase in active API signature circuits, totaling 742. The company's registered electronic contracts grew by over 80% year-on-year in Q3 2021. Notably, registered SMS traffic increased by 34.89%. Lleida.net's technology, protected by over 200 patents in 63 countries, is utilized globally, with analysts estimating its share value at approximately 10 euros.

Lleida.net (OTCQX: LLEIF), a leader in registered electronic notifications and digital contracts, announced a U.S. non-deal roadshow in New York on October 1, 2021. CEO Sisco Sapena and CFO Arrate Usandizaga will discuss business growth, financials, and the recent inDenova acquisition. The company boasts a significant intellectual property portfolio with over 200 patents across 60 countries. It reported a 24% year-on-year asset growth to €13.2 million and a 91% increase in profit before tax for H1 2021, amounting to €662,000.

Lleida.net has signed new contracts with postal operators in Senegal and Sierra Leone, and renewed its contract with Malawi. The company will provide registered email and SMS services to these public companies. With this, Lleida.net has agreements with postal services in 14 countries, primarily in Africa, following contracts established during the Universal Postal Union Congress. The company aims to offer Digital Postal Services through a framework agreement with the Pan African Postal Union. Lleida.net has recognized 63 inventions with 206 patents and has recently received a new patent from the Japan Patent Office.

Lleida.net has been awarded its fifth patent in Japan for a method certifying electronic mail with recognized electronic signatures. This marks the company's 206th patent, recognized in over 63 countries globally. CEO Sisco Sapena noted Japan's significance in their expansion strategy. Recently, Lleida.net secured contracts to distribute its services through national postal services in five African countries, increasing its global partnerships to 11 postal services. The company is traded on the OTCQX, Euronext Growth, and BME Growth indices.

Lleida.net has signed contracts with postal operators in five African countries—Gambia, Ivory Coast, Djibouti, Equatorial Guinea, and Madagascar—to provide digital postal services and registered electronic communications. This agreement is part of a wider initiative to distribute Lleida.net’s patented technology, DigitalPost.Africa, across the continent, now servicing 11 countries. The agreement was formalized during the Universal Postal Union Congress in Abidjan, enhancing the company's market presence in Africa.