NetworkNewsBreaks – Victory Square Technologies
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Posted On: 12/20/2017 6:12:31 PM
NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) to Acquire Stake in Multapplied Networks Inc.
Blockchain technology-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its entry into a letter of intent to acquire 20 percent of Multapplied Networks Inc. (“MNI”), an enterprise software defined wide area networking (SD-WAN) company. Per the update, the acquisition is expected to be completed in exchange for cash and other considerations to be determined upon execution of a definitive agreement. “This acquisition exemplifies Victory Square’s mandate to continue investing in companies with game-changing potential that are redefining the industries in which they operate,” Shafin Diamond, CEO of Victory Square, stated in the news release. As operator of the only white-label platform designed exclusively to enable service providers to easily deploy SD-WAN solutions for their customers, MNI’s revenue is currently on track to exceed $1.2 million in 2017. The company is projecting revenue in excess of C$3 million in 2018.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Blockchain technology-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its entry into a letter of intent to acquire 20 percent of Multapplied Networks Inc. (“MNI”), an enterprise software defined wide area networking (SD-WAN) company. Per the update, the acquisition is expected to be completed in exchange for cash and other considerations to be determined upon execution of a definitive agreement. “This acquisition exemplifies Victory Square’s mandate to continue investing in companies with game-changing potential that are redefining the industries in which they operate,” Shafin Diamond, CEO of Victory Square, stated in the news release. As operator of the only white-label platform designed exclusively to enable service providers to easily deploy SD-WAN solutions for their customers, MNI’s revenue is currently on track to exceed $1.2 million in 2017. The company is projecting revenue in excess of C$3 million in 2018.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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