Gamma has bought Scottish Microsoft Teams specialist Exactive for up to £7.5 million.
The deal will see the cloud comms player pay £4.5 million in cash and shares, with a “deferred contingent consideration” of up to £3 million, if Exactive achieves EBITDA of £1.5 million in 2021.
Dunfermline-based Exactive was established in 2015 and had a turnover of £3.8 million for the year ending 31 December 2019. It has support facilities in Poland. CEO Scott Millar, CCO Robert Hutchison – who together co-founded the firm – and CTO Richard McPhee will remain with the merged business.
