DBAY Advisors to acquire a 71.4% stake in SQLI for $114m.

DBAY Advisors, an asset management firm, offered to acquire a 71.4% stake in SQLI, a firm engaged in offering Internet consulting and engineering services, for $114m. DBAY has indicated that it is convinced by its strategy and strong positioning in the digital services market in Europe. DBAY wishes to continue to support SQLI and its management by drawing on its expertise. Through this tender offer, DBAY wishes to consolidate its position as a reference shareholder in order to bring more support to the Company and its growth ambition.