NexTech AR Solutions Corp acquires Next Level Ninjas e-commerce software platform
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The platform works on multiple ecommerce platforms including Amazon, eBay, Shopify, Walmart, Jet, and Etsy.
NexTech AR Solutions Corp () () (FRA: N29) announced on Wednesday that it has acquired the fast-growing Next Level Ninjas e-commerce software platform.
Next Level Ninjas matches brands and product testers on its VIP Product Testers site, helping brands accelerate their business.
The platform works on multiple ecommerce platforms including Amazon, eBay, Walmart, Jet and. It serves nine Amazon markets in the United States, Canada, Japan and Australia, as well as five European markets in the United Kingdom, Germany, France, Italy and Spain.
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By acquiring the Amazon eCommerce launch platform, NexTech said it is now able to tie its augmented reality (AR) offerings for e-commerce into a single offering, creating a complete AR e-commerce ecosystem.
The Next Level Ninja platform draws on millions of e-commerce brands, and NexTech said it plans to integrate both its WebAR and 3D / AR ad network into the platform, creating a one-stop shop. unique based on AR technology.
The acquisition is an all-cash asset purchase contract priced at $ 720,000 and represents the company’s sixth acquisition since 2019 and the company’s second in 2020.
85% gross profit margin
Established in 2019, Next Level Ninjas has seen both spectacular organic growth and an attractive gross profit of 85%, NexTech said. In August alone, the company generated operating profit of $ 40,000, implying a projected 12-month profit rate of $ 480,000, which assumes zero growth after the acquisition. .
“The Next Level Ninja platform is the perfect fit for us, allowing us to sell our AR for e-commerce, which is in one of the strengths of the pandemic economy,†said NexTech CEO Evan Gappelberg, in a statement.
“We are seeing growing global demand for Ninja’s innovative and fully compliant correspondence platform that helps interested shoppers find amazing new products to test, review and share on social media. Now that our marketing team is behind Next Level Ninja, millions of ecommerce sites will be introduced to the platform, paving the way for the business to grow exponentially.
Gappelberg also said Next Level Ninja for ecommerce could quickly grow into a multi-million dollar business.
“This is a very exciting time for us as we continue to seek profitable strategic acquisitions and hire more talent to meet the ever increasing demand for NexTech’s product offerings,†he said. “We are uniquely diverse and positioned in the fastest growing business segments of the global economy, including AR, e-commerce, video conferencing, virtual events and 3D / AR advertising. “
Contact the author: patrick@proactiveinvestors.com
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