NZ business SMS company Modica seeks buyers

Countdown used the Modica SMS platform to streamline its online shopping experience. (Image: Modica)

Wed, 31 May 2023

New Zealand text messaging services company Modica Group is looking to change hands, according to reporting from the Australian Financial Review.Modica counts Facebook, Fonterra and ANZ bank among its customers.According to the AFR, majority shareholder and founder Stuart Wilson is looking to offload a controlling stake in the company and has mandated financial advisory Lazard’s Australian bankers to find a buyer.Modica’s annual revenue is $55 million, with $17m in gross profit, AFR claims.The article also notes that Australian firm...

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