Pushpay sells Run The Red unit for $4.5M

Thu, 31 Mar 2016

By Tina Morrison April 1 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, sold its Run The Red business, a personalised text messaging service for businesses, for $4.5 million, which it will use to expand its core business. The sale of the unit to Modica Group was completed yesterday with an immediate payment of $4 million and the balance to be paid in March 2017, the Auckland-domiciled, Redmond, US-headquartered company said in a statement. Run The Red staff will move to Modica, it said. Pushpay bought Run The Red...

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