We recently published 10 Best SaaS Stocks Trading at a Discount. XBP Global Holdings, Inc. (NASDAQ:XBP) is one of the best SaaS stocks trading at a discount.
XBP Global Holdings, Inc. (NASDAQ:XBP) is a Texas-based software company that provides payment and technology services to businesses. December 12th was a great day for the stock as it closed a whopping 989% higher after gaining $5.20 during the day’s trading. XBP Global Holdings, Inc. (NASDAQ:XBP)’s shares rose after the firm announced a five-year agreement with the German firm BG-Phoenics. The contract is valued at €21.5 million, and through it, the firm will provide its customer with mail processing by digitizing 148 million pages over the contract’s lifetime. Management noted that the deal allows XBP Global Holdings, Inc. (NASDAQ:XBP) to grow its presence in the European regulated industry.
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XBP Global Holdings, Inc. (NASDAQ:XBP)’s deal with the German firm came less than two weeks after the firm had announced another deal with the Swedish regional public authority, Region Uppsala. Terming it an “engagement,” the firm outlined that it planned to work with the Swedish entity by managing administrative and healthcare records. The deal was another where XBP Global Holdings, Inc. (NASDAQ:XBP) executed on its strategy of targeting European public center entities in their bid towards digitization. The firm has also partnered with the New York City Department of Finance for parking violation payment processing.
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Disclosure: None. This article is originally published at Insider Monkey.
