SiteMinder Limited (ASX:SDR) signed a Share Purchase Agreement to acquire GuestJoy Ltd for Ç5 million on August 22, 2022. As per the terms, SiteMinder will pay an initial payment of Ç3.25 million, and a further Ç1.75 million subject to the completion of specified performance milestones within 24 months. The transaction will be 100% equity funded via the issuance of additional shares.

Founders Annika _lem and Alar _lem and their team will be joining SiteMinder. GuestJoy will become a SiteMinder company. The transaction excepts to complete during the first half of FY23.