Concorde Singapore Acquires Software Risk Assets In Multi-Component Deal Including AU$50K Cash, 100K Locked Shares, And 12-Month 10% Revenue Share

Author: Benzinga Newsdesk | September 12, 2025 08:03am

Concorde International Group Ltd. (NASDAQ: CIGL) ("Concorde" or the "Company"), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced that its wholly owned subsidiary, Concorde International Group Pte. Ltd. ("Concorde Singapore"), has entered into a Software Purchase Agreement to acquire the assets of Software Risk, a cloud-based software-as-a-service ("SaaS") platform designed to provide intelligent, organized, and sustainable facilities management.

Under the terms of the agreement, Concorde Singapore will acquire the Software Risk assets for a total consideration comprising (i) a cash payment of AUD 50,000, (ii) the issuance of 100,000 restricted Class A Ordinary Shares of the Company, subject to a 12-month lock-up, and (iii) a 10% revenue share from income generated through the Software Risk platform in the Australian market for a period of 12 months. According to an independent valuation report prepared by Markit Valuation Services Limited dated February 28, 2023, Software Risk was valued at approximately $57.5 million. The acquisition covers all platform assets, including modules, source code, object code, documentation, and related materials. It excludes hardware, goodwill, domains, and trading activities not associated with Software Risk.

Posted In: CIGL