BRYN Acquires Next Generation online transfer agency software
First announced on January 15, the companies have agreed to transfer the ownership from TOWNHILL to BRYN for a combination of cash and shares. The head of TOWNHILL, Marco Janeczek will stay on in his capacity of Project Manager and Sales.
The software application will initially be a division of BRYN, and has been actively seeking out contracts to white-label it's software to a range of firms involved with private enterprise.
The acquisition is part of a strategic plan to be executed by BRYN to create a new subsidiary in cap table management and transfer agency by rolling in strategic assets, talent and companies under one company. The assets include the CAPTABLE.CA brand and a technology portal associated to the brand. The portal allows owners of small businesses and startups to create a shareholder and option registry and have the ability to distribute shares and options in an easy well understood way to the founder. The platform will allow BRYN to provide a product to many SMEs in a SaaS (Software as a Service) model. The initial focus is to target Canada which has 1.1M small businesses in Canada.
BRYN is a publicly listed company on the OTC markets under the symbol BRYN and is the business of acquiring talent and technology to form subsidiaries that one day will be spinned out and listed publicly.