BlueRush Announces Sale of Software Assets to Broadridge for C$2.3 Million
05 September 2019 - 2:06PM
BlueRush Inc. (“
BlueRush” or the
“
Company”) (TSX-V: BTV), an emerging personalized
video Software as a Service (“
SaaS”) company,
announced that it has sold the technology and source code for its
DigitalReach™ platform and Broadridge’s Smart Advisor® application
to Broadridge Financial Solutions, Inc. (NYSE: BR), a global
Fintech leader and leading provider of investor communications and
technology-driven solutions to banks, broker-dealers, asset and
wealth managers and corporate issuers, for C$2.3 million in cash.
The disposition has been approved by the TSX Venture Exchange.
“This strategic transaction will enable us to
heighten our focus on our core IndiVideo platform and provides us
with greater financial flexibility to support our sales, marketing
and product development objectives,” said Steve Taylor, CEO of
BlueRush. “The sale of our DigitalReach platform and Smart Advisor
application to an industry leader like Broadridge demonstrates our
ability to develop value-enhancing technology solutions to meet the
evolving customer service needs of leading financial services
companies.”
Broadridge and BlueRush have also agreed to an arrangement that
enables the continued support of the existing DigitalReach
clients.
About BlueRushBlueRush develops
and markets IndiVideo™, a disruptive, award-winning interactive
personalized video platform that drives return on investment
throughout the customer lifecycle, from increased conversions to
more engaging statements and customer care. IndiVideo enables
BlueRush clients to capture knowledge and data from their
customers' video interaction, creating new and compelling data
driven customer insights.
For more information visit www.bluerush.com.
Forward-Looking
StatementsCertain statements contained in this press
release may constitute "forward-looking information" as such term
is defined in applicable Canadian securities legislation. The words
"may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions as they relate to the Company, are intended to
identify forward-looking information. All statements other than
statements of historical fact may be forward-looking information.
Such statements reflect the Company's current views and intentions
with respect to future events, and current information available to
the Company, and are subject to certain risks, uncertainties and
assumptions. Material factors or assumptions were applied in
providing forward-looking information. Many factors could cause the
actual results, performance or achievements that may be expressed
or implied by such forward-looking information to vary from those
described herein should one or more of these risks or uncertainties
materialize. These factors include, without limitation: changes in
law; the ability to implement business strategies and pursue
business opportunities; state of the capital markets; the
availability of funds and resources to pursue operations; a novel
business model; dependence on key suppliers and local partners;
competition; the outcome and cost of any litigation; as well as
general economic, market and business conditions, as well as those
risk factors discussed or referred to in disclosure documents filed
by the Company with the securities regulatory authorities in
certain provinces of Canada and available at www.sedar.com. Should
any factor affect the Company in an unexpected manner, or should
assumptions underlying the forward-looking information prove
incorrect, the actual results or events may differ materially from
the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, the Company does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and the Company undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
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For further information please
contact: |
Steve Taylor, CEO |
Dave Badun, CFO |
Tel: 416-457-9391 |
Tel: 416-203-0618 |
steve.taylor@bluerush.com |
dave.badun@bluerush.com |
|
|
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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