Complete Jemsoft Acquisition
Melbourne, May 22, 2017 AEST (ABN Newswire) - Xped Limited (
ASX:XPE) ("Xped" or "the Company") advises that the Company has now executed the transaction and completed the purchase of Jemsoft.
This transaction has proceeded on terms consistent with information provided previously to market on 11th May 2017. Xped has acquired 100% of Jemsoft Pty Ltd, and 51% of Media Intelligence Co.
The Company is excited to have finalised the Jemsoft acquisition and now looks forward to integrating their technology into Xped's Internet of Things Platform as well as exploring other market opportunities leveraging Jemsoft's technologies and IP.
About XPED Ltd
XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. Xped provides technology solutions for Smart Home, Smart Building, and Healthcare.
At Xped, we’re Making Technology Easy Again(TM)
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