Objective Corporation Limited (ASX:OCL) has entered into an agreement to acquire Simflofy, Inc. on March 15, 2022. The transaction is subject to customary closing conditions.

Objective Corporation Limited (ASX:OCL) completed the acquisition of Simflofy, Inc. for $6.2 million on March 17, 2022. Total consideration includes shares consideration for $2.9 million and cash for $4.02 million with the adjusted cash and bank balance of $0.76 million.