Locafy Bolsters Local SEO Studio Via Acquisition Of Citation Boost Technology
Portfolio Pulse from Nabaparna Bhattacharya
Locafy Limited (NASDAQ:LCFY) has acquired additional SEO technology, Citation Boost technologies, from Jimmy Kelley Digital. The technology will work alongside Locafy's existing software to increase the online prominence of local citations. The company plans to make this solution more widely available by the end of the 2023 September quarter or Locafy's fiscal Q1 2024. LCFY shares are trading higher by 3.11% to $6.58.
July 05, 2023 | 3:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Locafy's acquisition of Citation Boost technologies is expected to enhance its SEO capabilities, potentially increasing its market competitiveness. The news has already positively impacted the company's stock price.
The acquisition of Citation Boost technologies is a strategic move by Locafy to enhance its SEO capabilities. This could potentially increase the company's market competitiveness and attract more customers, leading to increased revenues. The positive impact of this news on the company's stock price indicates investor confidence in this strategic move.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100