Skip to content
Business Company News, Information Technology

Bigtincan Holdings Receives Non-Binding Proposal from Vector Capital for Potential Take-private Transaction

Jane Morgan Management 2 mins read

Sydney, 17 September 2024 | Bigtincan Holdings Limited (ASX: BTH) (“Bigtincan” or the “Company”), a leading provider of platform for AI-powered sales enablement automation services, has received a revised non-binding proposal (the “Proposal”) from Vector Capital Management, L.P. (“Vector” or “Vector Capital”) for a potential take-private transaction. The proposal includes an offer price of A$0.20 per share, reflecting an increase from previous communications. 

Proposal Details & Process: 

Having recently engaged with several shareholders and the Company, Vector Capital has secured investment committee approval and the necessary financing commitments to proceed with a potential transaction. 

The proposal outlines Vector’s intent to pursue the deal without any financing contingency, making the offer subject only to legal due diligence and the completion of binding long-form documentation required. 

Vector made a statement in the Proposal, stating: “Having reviewed the publicly available FY2024 year-end financial results and now having identified lenders willing and able to provide Vector with the necessary debt financing, Vector has received investment committee approval to, and would be prepared to, consummate a take-private transaction for BTH at an increased price of A$0.20 per share. Our offer is unconditional, does not have a financing contingency and is subject only to legal due diligence and entering into binding long form documents.”

Next Steps:

The Company’s Board of Directors will evaluate the proposal in consultation with external advisors to assess all parameters before engaging further with Vector Capital and the potential transaction.

Bigtincan advises shareholders that no immediate action is required currently for this matter. The Company and Board reiterate that there is no certainty that a transaction will proceed. 

For more information, please contact:

Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au


About us:

About Bigtincan Holdings Limited:

Bigtincan Holdings Limited is an Australia-based software company. The Company provides an artificial intelligence (AI)-powered sales enablement automation platform. The Company’s principal activity is the provision of an integrated, online platform, Bigtincan Hub, a collaborative and secure solution that automatically delivers the relevant content to the right users directly, across any device and any network. It provides software as a service (SaaS) application platform, creating a comprehensive solution that offers customers tools for sales content management (Bigtincan Content Hub), sales readiness (Learning Hub) and sales engagement (Engagement Hub), which is engaged in working together to create its Intelligent Enablement Platform (IEP). The Company operates globally with users in over 50 countries and with a solution localized into approximately 40 languages. Its products are used by various companies across the world, with over 2000 deployments and more than one million users.


Contact details:

Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au

Media

More from this category

  • Government Federal, Information Technology
  • 11/02/2025
  • 18:00
House of Representatives

‘The Future of Work’ report released

TheHouse of Representatives Standing Committee on Employment, Education, and Trainingtabled itsThe Future of Workreport today following its inquiry into the digital transformation of workplaces. Committee Chair,Ms Lisa Chesters MP, said, ‘The use of artificial intelligence (AI) and automated decision making (ADM) is significantly shaping workplaces across sectors, impacting employers, staff, regulators and the community.’ ‘While AI and ADM can create opportunities for workplaces such as increased productivity and efficiency, and job creation and augmentation,these benefits need to be shared between employers and workers,’ Ms Chesters said. The Committee’s inquiryfound that the digital transformation has exposed significant challenges. This includes gaps…

  • Education Training, Information Technology
  • 11/02/2025
  • 13:23
Edelman on behalf of Microsoft Australia

Two thirds of Australian teens experienced online risk last year, according to new research from Microsoft

Sydney, Australia – February 11th, 2025: 64 percent of Australian teens experienced a risk online last year including cyberbullying, misinformation and disinformation, and threats of violence, according to Microsoft’s annual Global Online Safety Survey, released today. The ninth iteration of Microsoft’s annual report, launched today on Safer Internet Day, reveals insights into how teens and parents perceive and experience online risks. The survey, which includes responses from nearly 15,000 teens and adults globally, including 1,000 from Australia, showed the top risks that Australian teenagers faced online in 2024 include: 54 percent of Australian teens have faced personal risks such as…

  • Business Company News, Oil Mining Resources
  • 11/02/2025
  • 12:32
Jane Morgan Management

Challenger Gold Limited (ASX:CEL) Advances Towards Mining and Toll Milling at Hualilan Project

Highlights: Excellent progress towards mining and Toll Milling readiness at Hualilan. Final open pit mine design and mining schedules for Toll Milling pits completed. 10% increase in grade with the Schedule now entirely based on Indicated Resources. Initial 150,000t of material mined averages 8.7 g/t Au and 34.5 g/t Ag. Schedule delivers over 90,000t of toll milling material in first 3 months of mining. Enhanced operational flexibility as only 3 out of 4 potential pits are required. Mining schedule completion enables finalisation of contract mining and toll material haulage contracts. Toll Mill plant refurbishment commenced with equipment repairs in progress…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.