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Lleidanetworks Serveis reports developments tied to Lleida.net, a Spanish technology services company focused on certified electronic notification, electronic contracting, digital signature services and SMS communications. Recurring updates cover financial results, margins, net debt, customer and contract activity, and performance by business lines such as Notification, Contracting, Commercial SMS, SMS Wholesale and other SaaS services.
Company news also includes patent grants for certified email and electronic-notice methods, legal recognition of certified communications in Spanish judicial procedures, and the use of its technologies under the eIDAS trust-services framework and Spain's digital justice requirements.
Lleida.net's General Shareholders Meeting, held in Madrid on November 29, 2021, approved the acquisition of Indenova, a tech company, with overwhelming support from 98.44% of shareholders. The transaction, valued at 7.1 million euros, includes assuming 1.6 million euros in existing debt. This acquisition is expected to enhance Lleida.net's growth, projecting an EBITDA increase of 3.79 million euros, and a combined turnover of 19.72 million euros. Payments will be made over four years, with initial cash payments totaling EUR 4 million.
The CEO of Lleida.net, Sisco Sapena, purchased 41,000 shares of the company at a weighted average price of EUR 4.67, totaling over 191,600 euros. This acquisition increases his ownership to 34% of the company. In 2021, he has acquired 102,300 shares demonstrating confidence in Lleida.net's future. The company also announced plans to buy Indenova for 7.1 million euros and reported a 26% increase in SaaS sales year-over-year. Lleida.net boasts over 200 patents and has maintained positive EBITDA for 21 quarters.
Lleida.net reported a 26% increase in SaaS sales for Q3 2021, reaching €4.7 million year-to-date, with Q3 sales exceeding €1.5 million. Total sales across all segments hit €12.58 million, up €860,000 from the previous year. The company achieved a pre-tax result of €788,000 and recorded 21 consecutive quarters of positive EBITDA. International sales grew from 53% to 56% over the year, reflecting Lleida.net's commitment to global expansion and innovation.
Lleida.net reported a remarkable 90% increase in pre-tax profit, achieving €659,000 in the first half of 2021, up from €346,000 in H1 2020. The company also recorded an EBITDA of €1.19 million and a significant sales boost in its SaaS line, which rose by 33% to €3.1 million. The recent acquisition of inDenova for €7.1 million is expected to enhance EBITDA to over €3.96 million. With a market cap exceeding €80 million, Lleida.net solidifies its position as a leader in registered electronic notifications and contracting.
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.
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