Technology M&A » By The Online Investor Staff, updated Wed., Apr. 17, 11:11 PM
Recent mergers and acquisitions in the Technology M&A category.
Slide #54. Sysorex Global Holdings Corp. — AirPatrol Corporation
Acquirer: |
Sysorex Global Holdings Corp. (SYRX) |
Acquiree: |
AirPatrol Corporation |
Details: |
Sysorex Global Holdings Corp. (NASDAQ:SYRX) ("Sysorex"), an emerging growth technology company, today announced that it has completed the acquisition of AirPatrol Corporation ("AirPatrol"), a developer of location-based cybersecurity and commercial services systems for mobile devices, for $30 million consisting of $10 million of common stock, $10 million in cash (before working capital adjustments), plus an earn-out of up to $10 million in cash and stock based on AirPatrol achieving certain profitability levels. Based in Maple Lawn, Maryland, AirPatrol has 4 U.S. and 11 foreign patent applications pending for its location, security and context awareness systems that can detect and locate smartphones, tablets, laptops and other mobile devices. AirPatrol has become a subsidiary of Sysorex and will retain its management and operations. |
Sysorex Global's products and services include: LightMiner Analytics Platform for aggregating and mining Big Data sets; Data Science and Advanced Analytics Consulting Services; AirPatrol for Security that locates devices operating within a monitored area; AirPatrol for Retail for enabling location, marketing services and information delivery; Shoom Product Line, which include eTearsheets, eInvoice, AdDelivery, ePaper; Enterprise Infrastructure Solutions and Services; and IT Services. Co. also provides supporting products and services including enterprise computing and storage, virtualization, business continuity, data migration, and custom application development, among others.
Open the SYRX Page at The Online Investor »
Open the SYRX Page at The Online Investor (in a new window) »
|
April 17, 2024 11:11 PM Eastern
Strong Buy (4.00 out of 4)
100th percentile
|
|