Hiremii Ltd (ASX:HMI) has announced it has entered into a share purchase agreement to acquire 100% of the issued capital of Inverse Group Pty Ltd for up to $1.5 million (pending certain performance milestones being achieved). Hiremii CEO Christopher Brophy said ?The acquisition expedites our access to market, is likely to provide additional organic revenue through cross selling a larger portfolio of clients, substantially reduces client concentration risk and enhances capability across both businesses?.
Following the announcement, Hiremii shares fell 3.61% to $0.08/share.