Inactive Instrument

NexJ Systems Inc.

NXJ

CA65342B1058

Nexj Systems Shares Rise With Takeover Deal

August 29, 2022 at 09:53 am EDT

By Adriano Marchese

Shares of Nexj Systems Inc. jumped in early trading Monday after the company said it would be bought at a premium to its recent share price.

At 9:32 a.m., the shares were 40% higher at C$0.53.

The Canadian cloud-based software provider said that N. Harris Computer Corp., a subsidiary of Constellation Software Inc., will acquire all of the company's outstanding common shares for 55 Canadian cents apiece, the equivalent of 42 U.S. cents.

The price per share is a premium to Friday's share closing price of C$0.38, and a 35% premium to the volume-weighted average price of its shares over the last 20 trading days, it said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

08-29-22 0952ET

Latest news about NexJ Systems Inc.

N. Harris Computer Corporation completed the acquisition of NexJ Systems Inc..	22-11-09	CI
NexJ Systems Brief: Reports $4.03 Million of revenue for Q3 Vs $4.04 Million in Q3 of the previous year	22-10-28	MT
NexJ Systems Brief: Reports $658K of net loss for the third quarter as compared to $180K of net income in the third quarter of the previous year	22-10-28	MT
NexJ Systems Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-28	CI
Nexj Systems Shares Rise With Takeover Deal	22-08-29	DJ
Nexj Systems to be Acquired by Constellation Software Subsidiary	22-08-29	DJ
N. Harris Computer Corporation entered into an arrangement agreement to acquire NexJ Systems Inc. for CAD 12.1 million.	22-08-28	CI
NexJ Systems Reports Wider Q2 Loss, Lower Revenue; Down 11.1%	22-08-08	MT
NexJ Systems Reports Wider Q2 Loss, Lower Revenue; Shares Jumped 12.5% on Friday	22-08-08	MT
NexJ Systems Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-06	CI
NexJ Systems First-Quarter Loss Widens Despite Higher Revenue	22-05-12	MT
Earnings Flash (NXJ.TO) NEXJ SYSTEMS Posts $4.03 Million of revenue for the first quarter as compared to $3.93M in the first quarter of the previous year	22-05-12	MT
NexJ Systems Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-12	CI
NexJ Systems Inc. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-08	CI
NexJ Systems Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-03-08	CI
NexJ Systems Third-Quarter Profit Down 67% on Lower Revenue	21-10-28	MT
NexJ Systems Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-28	CI
Earnings Flash (NXJ.TO) NEXJ SYSTEMS Posts Q3 EPS Basic and Diluted C$0.01	21-10-28	MT
Nexj Systems Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-29	CI
NexJ : Reports Narrower Net Loss of $0.01 Per Share	21-07-29	MT
NexJ : Secures Subscription License Agreement with US Brokerage Firm	21-07-07	MT
NexJ Systems Inc. Expands Relationship with Leading US Brokerage Firm	21-07-07	CI
NexJ : Reports Client Acquisitions after Expanding Partner Ecosystem	21-06-29	MT
NexJ CRM Products Are Available on IBM Cloud for Financial Services	21-06-22	CI
Nexj Systems Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-29	CI

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Company Profile

NexJ Systems Inc. is a Canada-based company that provides intelligent customer management solutions to the financial services industry. The Company's customer relationship management (CRM) is designed to help wealth management, private banking, corporate and commercial banking, and insurance firms. Its industry-specific products include CRM for Wealth Management, CRM for Private Banking, CRM for Commercial Banking, CRM for Corporate Banking, CRM for Sales, Trading & Research, CRM for Insurance. CRM for Wealth Management helps advisors grow assets under management by forging deep client relationships. CRM for Private Banking helps relationship managers grow assets under management by solidifying client relationships. CRM for Commercial Banking helps bankers drive upsell and cross-sell opportunities by delivering personalized service. CRM for Corporate Banking helps business bankers drive upsell and cross-sell opportunities by connecting insights and sales teams across regions.

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IT Services & Consulting

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