WILMINGTON, Del. (GLOBE NEWSWIRE) October 7, 2022 — Onforio Holdings Co., Ltd. (Nasdaq: ONFO, ONFOW) (the “Company” or “Onfolio”), a holding company that acquires and manages a diversified portfolio of online businesses across a wide range of industries, today announced that it has entered into two separate definitive agreements. announced. Acquire all assets related to file and password protection for WordPress sites Prevent Direct Access (PDA) and Password Protect WordPress (PPWP) (collectively, “BWPS”) and all assets of SEOButler, Inc. (“SEOButler”). Acquire issued shares. ”).
BWPS offers two main plugins focused on securing your WordPress site files and passwords. Prevent Direct Access (PDA) and Password Protect WordPress (PPWP). We develop security plugins that enable bloggers, creators, agencies, and small businesses to protect their digital assets, products, and content. By offering premium plugins in addition to the free product, users have access to a variety of free plugins, 20-30 different extensions, 2 other premium plugins, and more. BWPS reported his adjusted EBITDA of approximately $379,000 in 2021 (unaudited basis).
SEOButler offers a wide range of products within the SEO niche including content, guest posts, social signals, quotes and more. SEOButler aims to be an industry innovator providing quality products and excellent customer service at every step of the buying process. In 2020, SEOButler is designed to make the content creation process highly scalable while eliminating bottlenecks that can hinder the growth of productized service businesses that rely primarily on human writers and editors. built and deployed a bespoke order management system (OMS). SEOButler reported an Adjusted EBITDA of $268,000 in 2021 (unaudited basis).
“In line with Onfolio’s mission to acquire profitable cash-generating businesses, we are pleased to announce the acquisition of BWPS and SEOButler. “BWPS and SEOButler both meet our investment criteria,” said Dominic Wells, CEO of Onfolio. It fits well into the diverse portfolio of attractive businesses.”
Mr Wells continues: Onfolio has developed a team capable of identifying businesses with loyal customers, integrating them into our portfolio, and maintaining profitability. Our strategy provides investors with the opportunity to diversify their portfolio risk, and with acquisitions of quality companies like BWPS and his SEOButler, Onfolio is positioned for future growth and shareholder value creation. I believe it will be positioned further. ”
Onforio Holdings Co., Ltd.
Onfolio acquires and manages a diverse portfolio of online businesses across a wide range of industries, each focused on niche content and with brand identities. Onfolio acquires businesses that meet its investment criteria. This means that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flow, face minimal threats of technological or competitive It means you can be managed or have a strong management team. The team is mostly in place. We excel at finding acquisition opportunities where sellers have not fully optimized their business, and Onfolio’s experience and skill set can add value to these existing businesses. please visit www..For more information, please visit onfolio.com.
safe harbor declaration
Information in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. “seek”, “expect”, “anticipate”, “continue”, “estimate”, “plan”, “intend” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include general economic and business conditions, the impact of ongoing geopolitical unrest and regional conflicts, competition, changes in technology and marketing methods, delays in completing new customer offerings, changes in ordering patterns; changes in customer product mix; continued success in delivering technological advances and innovation; These events and factors described, and other risks to which we are subject, are subject to the Company and various other factors beyond the Company’s control.
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