StockMarketWire.com - XLMedia has acquired Securethoughts.com, a US cyber security comparison website, for a total cash consideration of $2.0m.

The acquisition was expected to be immediately earnings enhancing after its completion in Q3 2017.

It said cyber security was an area increasing in prominence and interest and has been identified by management as a growth vertical for the Group.

Securethoughts represented XLMedia's first significant publishing asset in this sector and would strengthen the group's activities in North America as well as further diversifying XLMedia's revenue into non-gaming sectors.






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