MELBOURNE, Australia, Dec. 13, 2017 /PRNewswire/ -- ADWEB & Intranet DASHBOARD today confirmed its recent acquisition by Delcor Family Office.
ADWEB's flagship product, Intranet DASHBOARD, is a pioneer in the intranet services sector and is the software of choice by over 2,000 businesses in 65 countries, including Shell, Audi and Rockefeller Philanthropy Advisors. Founded in 1995, the business continues to expand and gain worldwide presence.
"We are thrilled by the opportunities this presents with an enhanced focus on continued R&D and the expansion of services for clients.A key driver of this acquisition will continue the growth profile of iD's global presence," said Stewart Bairstow, ADWEB & Intranet DASHBOARD CEO.
Anthony Parton, Director from the Delcor Family Office affirmed, "ADWEB's strength in a high barrier to entry market, with double digit IRR, excellent cash flow and strong EBITDA, places ADWEB in an excellent position to continue to expand the business in key growth markets. ADWEB fits well amongst the DELCOR portfolio of Private Equity Businesses."
Delcor Family Office
Delcor Family Office represents a group of ultra & high-net worth families. Based in Australia they own and advise successful businesses in various industries around the world.
Australia +613 9819 6333