Bridge SaaS acquisition announcement

Bridge SaaS Limited (ASX: $BGE) has signed a share purchase agreement to acquire a 51% interest in Brightside Disability Support & Respite Pty Ltd for up to $1,600,000, along with 3,333,334 shares in BGE. The acquisition aims to enhance the company's prospects of attracting new NDIS services providers to adopt its software platform.

Executive Commentary on Acquisition Strategy

The acquisition of a 51% interest in Brightside Disability Support & Respite is a strategic move to increase our presence in providing direct NDIS services and to demonstrate the capabilities of our NDIS software platform. This transaction aligns with our short-term strategy to showcase the proof of concept of our software within the NDIS community, ultimately aiming to increase sales revenue, credibility, and trust in the market for our software. We believe that this acquisition will not only diversify and strengthen our revenue streams but also generate goodwill within the NDIS service provider industry, allowing us to further develop and enhance our software.

Summary of Bridge SaaS Acquisition of Brightside

Bridge SaaS Limited (ASX: $BGE) has announced the acquisition of a 51% interest in Brightside Disability Support & Respite Pty Ltd for up to $1,600,000, in addition to 3,333,334 shares in BGE. The acquisition is part of the company's strategy to enhance its NDIS software platform and increase its presence in providing direct NDIS services. By leveraging this acquisition, Bridge SaaS aims to increase sales revenue, credibility, and trust in the market for its software, while also diversifying and strengthening its revenue streams. The company remains committed to its mission of being a software business and views the software for NDIS service providers as a compelling offering with a strong market demand.