Sydney-based software vendor BigTinCan is set to acquire training software provider Zunos Technologies for $3.2 million to complement its North American business.
Australian-owned Zunos provides sales and partner learning and enablement to users in 37 countries through its software-as-a-service offering, with clients including American Airlines, Sony Interactive Entertainment and Telstra.
Zunos is headquartered in San Francisco, with a sales office in Denver and development operations in Sydney and Brisbane, which will expand BigTinCan's presence to the US west coast and midwest.
The acquisition is expected to complete in July subject to the completion requirements and due diligence formalities being met.
BigTinCan will be funding the acquisition from its recently completed $15 million equity raise.
“I am very pleased with the strong support we have received for the placement from existing and new institutional investors,” BigTinCan chief executive David Keane said.
“Bigtincan’s board and management team are excited by the opportunities provided by the Zunos acquisition and the show of support we have received.”
Bigtincan provides an AI-powered sales enablement automation platform which helps sales staff engage with customers and prospects, with customers including ANZ Bank, US telco AT&T and shipping giant Merck.