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BDA Advises Praxis on Sale of BusinessOn to SkyLake

Benzinga LogoBenzinga14h ago

BDA Advises Praxis on Sale of BusinessOn to SkyLake - Benzinga

Quick Summary:

New York, NY July 25, 2024 --(PR.com)-- BDA Partners is pleased to announce that its client, Praxis Capital Partners, has agreed to sell its stake in BusinessOn Communication Co Ltd, listed on the Kosdaq Exchange, to SkyLake Equity Partners.

This is the first private equity-led SaaS buyout in the Korean market, which is poised to emulate the dramatic success of SaaS globally, and to grow to US$10bn in value by 2029.

We see strong demand for workforce management SaaS, due to revised labor laws on overtime working hours recently adopted in Korea, Japan and Taiwan.


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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 16:54:59 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1139 words

Reading Time: 7 minutes read

Sentences: 60 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21775348

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 51 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #53

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