ubroadcast Signs LoI To Acquire X2A Consulting
By NS Admin Published 22 April 2010According to ubroadcast, X2A's clients include Booz Allen Hamilton, Vodafone and employees of Microsoft, IBM, Siemens, Raytheon and Unisys and numerous other Fortune 1000 and medium-sized businesses. For 2009, X2A had revenues of under $500,000. This acquisition is to be made with its stock.
The company expects to complete due diligence and close the previously announced merger with Santeon, by April 30, 2010.
Ahmed Sidky, managing director of X2A Consulting, said: “We are excited to be part of a company that has a vision of expanding its technology offering through innovation. The step ubroadcast is taking to acquire an Agile training and consulting company shows its commitment to promoting the latest technology, and ultimately its dedication to bringing value to its customers quickly through various process improvement initiatives.”
How far this acquisition will benefit ubroadcast?
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