Nuix Limited (ASX:NXL) entered into an agreement to acquire Rampiva Technology Inc. and Rampiva Global, LLC on for $7 million May 23, 2023. The initial cost of the acquisition is approximately $2 million in cash and $2 million in Nuix newly issued shares, payable on financial close. Up to a further $3 million in Nuix shares will be issued if Rampiva achieves ACV growth and cost management milestones in the three years post acquisition. As part consideration for the acquisition of Rampiva, Nuix has agreed to issue US$2.024 million in Nuix shares on financial close. the deal is expected to close on FQ1, 2023.

Nuix Limited (ASX:NXL) completed the acquisition of Rampiva Technology Inc. and Rampiva Global, LLC on July 1, 2023.