Cashed-up Plexure eyes acquisitions to accelerate growth as loss shrinks

Mon, 20 May 2019

By Paul McBeth May 21 (BusinessDesk) - Plexure Group more than halved its annual loss as the cashed-up mobile advertising firm boosted revenue, and it's now looking at acquisitions to accelerate that growth. The tech minnow is sitting on $12.7 million in cash, after McDonald's paid $5.4 million for a 9.9 percent stake, adding to the $7.3 million at the end of the March financial year. Chair Phil Norman said the company expects to build its relationship with McDonald's with new products and services, and anticipates winning new custome...

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