RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:How many more quarters are you giving this?OTTAWA, April 28, 2020 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider of digital experience monitoring (DEM) solutions deployed in more than 5,000 enterprise networks around the world, today announced two initiatives as part of a strategic investment to strengthen its DEM capabilities.
The Company has entered into a share purchase agreement (the "Share Purchase Agreement") dated April 28, 2020 to acquire 100% of the shares of GSX Participations SA ("GSX"), a provider of end-user experience monitoring for Microsoft Office 365 headquartered in Geneva, Switzerland with more than 400 enterprise customers globally. The consideration for the acquisition is 22,000,000 common shares and CDN$13,860,000 cash for an aggregate purchase price of $18,700,000, subject to adjustment (the "Purchase Price")