• Atturra acquires US-based Kitepipe, a Boomi platinum partner
• Acquisition will cement Atturra's position as a market leader for Boomi services
• Kitepipe will add significant value to Atturra's global operations

Atturra Limited (Atturra), through its subsidiary Atturra North America Inc, has simultaneously entered into and completed a Membership Interest Purchase Agreement (MIPA) to acquire the membership interests of Project Delivery Services LLC (Kitepipe), an award-winning Boomi partner with full platform suite expertise. The acquisition will cement Atturra's position as a market leader for Boomi services with a strong team based in North America and a global offshore support team in the Philippines. Kitepipe will add significant value to Atturra's global operations, reinforcing its commitment to delivering innovative, data-driven transformations. The upfront consideration is US$3.15m (AUD$4.98m) in cash, with earn-out/post-completion consideration of up to US$3.18m (AUD$5.02m) in cash subject to Kitepipe achieving performance hurdles for calendar years 2025 and 2026. The purchase price, including upfront and deferred consideration, is based on a multiple of 7.5x forecast EBITDA. Integration costs have been budgeted at US$350,000.

The acquisition is expected to enhance Atturra's Boomi services capabilities and global operations, but no specific financial guidance has been provided.

The acquisition of Kitepipe is expected to further solidify the global relationship between Atturra and Boomi, and provide Atturra with a stronger presence in the North American market.