SRAX Inc. (NASDAQ: SRAX) Sells Remaining MD Stake For $8 Million, Focused on Growing SaaS Data Management Investor Platform
Nov 9, 2020
- SRAX sells remaining MD ownership stake for $8 million
- MD sale allows SRAX to focus on rapid growth of Sequire platform
- Sequire unlocks big data investor insights for public companies
- Sequire revenue grew 29% year-over-year for Q2 2020, user base doubled to one million users during Q3 2020
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has recently sold its remaining stake in its MD healthcare vertical for $8 million.
SRAX’s final divestment in MD represents the latest in a series of strategic moves that are further solidifying SRAX’s position in the investment industry. Along with spinning off its proprietary data-based BIGtoken platform into its own private company, SRAX has also acquired LD Micro, a leading data and event company serving . . .
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