Plexure shares jump 10% on merger deal

Plexure chair Phil Norman (left) with former chief executive Craig Herbison (right), who suddenly resigned two weeks ago. (Photo: supplied)

Dan Brunskill

Mon, 16 Aug 2021

Plexure will pay $125 million to acquire transaction platform Task in a merger deal paid mostly in new shares. Task’s chief executive, Daniel Houden, will take the helm of the merged entity and replacing Plexure boss Craig Herbison, who resigned abruptly two weeks ago.“Plexure’s personalisation engine is the perfect complement to our offering – it will enable us to offer our clients a world-class solution of even greater breadth,” Houden said.Sydney-based Task is privately owned and has been self-funded since...

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