Intouch Insight Inc. Acquires the RetailTrack Division of The Belding Group
By: Lindsay Sykes December 1, 2016
OTTAWA, Canada December 1, 2016 - Intouch Insight Ltd. (“In-Touch” TSXV: INX) announces that its operating company, Intouch Insight Inc. has acquired the business name and all assets of RetailTrack, the customer experience measurement division of The Belding Group of Companies. RetailTrack, from its Ottawa base, supports a strong list of customers which it has built over the last 25 years. RetailTrack provides the same or similar types of services in Canada and the United States as Intouch Insight Inc. provides.
“We are very pleased to acquire this asset from such a long standing and respected company in the industry. In addition to the existing revenue, we expect the acquisition of RetailTrack to bring significant synergies and sales opportunities,” said Cameron Watt, President & Chief Executive Officer of Intouch.
“I am very proud of the strength of the RetailTrack team, the business we have built and the strong relationships we have developed with our customers. With Intouch being able to apply their additional resources and product lines to the business it will only serve to benefit both the RetailTrack team as well as the RetailTrack customers. I look forward to witnessing the future of RetailTrack under the larger Intouch umbrella while The Belding Group can focus on its global customer service training and consulting business,” said Shaun Belding, Founder & CEO of The Belding Group.
“This acquisition is in line with the Intouch overall corporate strategy which includes strategic acquisitions which allow us to grow within our target product and industry segments. Intouch will continue to look for opportunities to grow our customer base and provide additional avenues for our full product suite,” said Watt.
Certain statements included in this news release contain forward looking statements, including the current acquisition of RetailTrack, anticipated increased annual revenue of the Company, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be inaccurate given that they are subject to certain risks and uncertainties.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information please contact:
Chief Financial Officer and Corporate Secretary