Aurion Pro : Yet another IP product company?

AurionPro call on acquistion today:

1. It’s 140Cr non cach transation. The company has around 200 employees
2. No cash going out from AurionPro as it’s covered using receivables from Trejjara
3. It gives opportunities for more cross selling opportunities and adds some insurance based customers
4. The revenue opportunity is a mix of both recurring SaaS and license based offering
5. The incremental revenue can be from selling more modules to the same client and increaing the price
6. There will be no outstanding dues from Trejjara after the transaction
   My take: It seeems more like cleaning up the balance sheet from their old mess and it’s favourable to the shareholders