Mergers and Acquistions News
Categories: IT Services & Consulting
June 22nd 2009, 16:51PM
DecisionPoint has merged with Canusa Capital to become a wholly-owned subsidiary of the company.
The firm offers end-to-end software and hardware solutions and professional services for the enterprise wireless mobile and RFID computing markets, as well as governments.
Its wireless devices and networks connect remote workers to one another and capture data in real-time throughout organisations.
Ahead of the merger, Canusa Capital acquired all the issued and outstanding stock of DecisionPoint from shareholders, in exchange for 20 million shares of the common stock.
It is now awaiting a new trading symbol to be issued and will in the meantime trade under its old name and symbol.
"We are excited about the completion of this transaction, as it will significantly enhance our financial flexibility and grant us access to additional capital as we strategically expand our business," commented DecisionPoint chief executive officer Nicholas Toms.
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