RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / February 3, 2022 / Today, Cyberlux Corporation, (OTC PINK:CYBL), an advanced digital technology platform company leading the digital transformation evolution across industries with advanced unmanned aircraft systems (UAS), LED lighting solutions, renewable energy and infrastructure technology, and Software-as-a-Service (SaaS) solutions, announced that the Company has acquired Digital Automation Solution, LLC (https://www.digitalautomationsolution.com), an innovative software solutions provider and a source of groundbreaking intellectual property. Digital Automation Solution, LLC (DAS) has expert knowledge and customer experience in building Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS) and Mobile applications across a variety of industries. With this acquisition, Cyberlux is transforming the former Infrastructure Software Solutions (ISS) business unit into the new Digital Platform Solutions (DPS) business unit with an expanded mission to drive both end-to-end PaaS and SaaS offerings, required by global government, military and commercial customers. The new DPS business unit will provide a holistic approach to delivering digital capabilities across the target customer's enterprise, helping to automate processes, enhancing digital experiences, accelerating new product/service time-to-market and evolving their business models.
As a result of this acquisition, Cyberlux Corporation owns 100% of Digital Automated Solutions, LLC in a transaction comprised of both investment capital and a three year earn-out of shares of common stock with an expected value between $0.09 and $0.29, with the cash component being paid out over a two-year investment cycle, including certain equity incentives for continued revenue growth levels, technology and intellectual property development milestones, global customer acquisition objectives and global solution implementation milestones. DAS brings to Cyberlux new digital platform technology, existing customers and incremental revenue, and as a result, the Digital Platform Solutions business unit will deliver an expected annualized revenue of $17 million USD with an expected growth to over $55 million by 2024.
https://www.accesswire.com/687229/cyberlux-corporation-otc-cybl-announces-the-acquisition-of-digital-automation-solution-llc-to-launch-and-transform-its-software-unit-into-a-digital-platform-technology-provider-and-drive-the-companys-platform-as-a-service-and-software-as-a-service