It seems that EK3’s CEO is not being entirely honest with his employees.
Word reached us yesterday that in a conference call with employees he VEHEMENTLY denied our story of 16th June ‘EK3 Up For Sale‘ and according to sources close to the company was quite upset that it had even been mentioned.
Those EK3 employees who doubted what we wrote was correct have been emailing in and requesting to see the information memorandum for themselves (if you want to see it then just drop us an email).
There’s always an absolute foolishness in being dishonest, even if it is with the best intentions. Since our initial post half a dozen digital signage software companies have asked for more details on the ‘acquisition / investment’ and three other large US companies have expressed an interest and been briefed by us.
EK3 is a good company, a nice little business with a good reputation even though it has kept itself under the radar screens of much of the industry – the Walmart Canada deal and the ShopCast initiative may have been their undoing however.
Indeed some might say that EK3 as it exists today might NOT be that attractive an acquisition due to the WalMart fiasco but an asset purchase (Tim Horton and Atlantic Lottery contracts for example plus the company’s staff and IP) could be a good deal for someone.
We don’t think they will be able to sell though (should they wish to sell and not just receive additional investment) with the ShopCast boat anchor attached!!!!