Omniq Announces The Acquisition Of CodeBlocks Ltd A Leading Fintech Software Developer, For ~$1.275M
Portfolio Pulse from Benzinga Newsdesk
OMNIQ Corp. (NASDAQ:OMQS) has acquired CodeBlocks Ltd, a leading fintech software developer, for approximately $1.275M. This acquisition enhances OMNIQ's fintech offerings in self-service kiosks, credit card payment systems, and point-of-sale technologies. CodeBlocks' proprietary software, with over 80,000 deployments, is expected to bring immediate cost savings and market share expansion opportunities to OMNIQ.
February 05, 2024 | 1:46 pm
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OMNIQ's acquisition of CodeBlocks Ltd for approximately $1.275M is set to enhance its fintech offerings and market presence, with potential for immediate cost savings and market share growth.
The acquisition of CodeBlocks by OMNIQ is directly relevant to OMNIQ's business, enhancing its fintech offerings and potentially leading to immediate cost savings and market share expansion. This strategic move is likely to be viewed positively by investors, given the immediate benefits and growth opportunities in the fintech sector, thus potentially leading to a short-term positive impact on OMNIQ's stock price.
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