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Donnelley Financial Solutions to acquire eBrevia in $19.5M deal

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Donnelley Financial Solutions to acquire eBrevia in $19.5M deal

Risk and compliance solutions provider Donnelley Financial Solutions Inc. agreed to acquire eBrevia Inc. for a net purchase price of about $19.5 million in cash, given its existing ownership of eBrevia.

The acquisition, slated to close within the next 30 days, is expected to be cash flow positive in 2020. The sellers may earn up to $4 million in additional cash if certain performance targets are met following completion of the deal.

The target company provides artificial intelligence-based data extraction and contract analytics software solutions.