WILMINGTON, Del. - Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW), a company specializing in the acquisition and management of online businesses, has announced the acquisition of First Page Strategy's business assets through its subsidiary RevenueZen LLC. The deal, which involved a nominal upfront cash payment and a 36-month revenue sharing agreement, was closed recently.
First Page Strategy, a B2B content marketing, SEO, and advertising consulting firm, has been operational since 2016 and reported approximately $190k in revenue for Q1 of 2024. With an annualized revenue run rate of $760k, the company has been recognized for its substantial growth achievements for clients such as Incfile and Expensify.
RevenueZen, acquired by Onfolio prior to this transaction, is a B2B marketing agency founded in 2017. It provides services like search-engine optimization, social media strategy, and content marketing. The acquisition is expected to result in significant cost savings and additional revenue for Onfolio by consolidating work previously outsourced to competitors.
Onfolio CEO Dominic Wells expressed enthusiasm for the acquisition, highlighting the potential impact on the company's profitability. Similarly, Rocky Pedden, CEO of RevenueZen, emphasized the benefits of integrating First Page Strategy's expertise and track record into RevenueZen's operations.
Lauren Soucy, VP Growth Strategy at First Page Strategy, also conveyed optimism about the merger, citing shared philosophies and a commitment to driving growth marketing results for B2B companies.
This strategic acquisition aims to strengthen Onfolio's position in the online business management sector by leveraging synergies between the two companies and enhancing service offerings to clients.
Onfolio Holdings operates by acquiring stable and profitable online businesses with growth potential, adding value through its experience and skillset. For more information on the companies involved, visit their respective websites.
The information in this article is based on a press release statement from Onfolio Holdings Inc.
InvestingPro Insights
In light of Onfolio Holdings Inc.'s recent acquisition, the company's financial health and market performance are pivotal to understanding its potential for future growth. According to real-time data from InvestingPro, Onfolio (NASDAQ: ONFO) has shown an impressive 71.87% revenue growth in the last twelve months as of Q1 2024, indicating a strong upward trajectory in earnings. This is in line with the company's strategy of acquiring profitable online businesses and enhancing their value.
Moreover, the stock has experienced a significant return over the past week, month, and three months, with figures of 37.4%, 130.14%, and 177.08% respectively. Such robust performance signals investor confidence and market enthusiasm surrounding the company's recent moves, including the latest acquisition. Onfolio's market capitalization, though modest at $6.79M USD, reflects a company with potential for agile growth in its niche market.
InvestingPro Tips suggest analysts are optimistic about Onfolio's sales growth in the current year, which could be further catalyzed by the integration of First Page Strategy's business assets. Moreover, the company's stock is currently in overbought territory according to the Relative Strength Index (RSI), which may interest traders looking for momentum opportunities.
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