Communications Systems, Inc. (JDL Technologies) Acquires IVDesk Operating Assets
November 4, 2020
Communications Systems, Inc. (through its JDL Technologies subsidiary) acquired the operating assets of privately held IVDesk in an all-cash asset purchase ($950,000 at closing plus up to $550,000 earn-out tied to customer retention). The acquisition adds IVDesk's Desktop-as-a-Service private cloud offering and recurring DaaS revenue, expanding JDL/CSI's Services & Support capabilities for SMBs with a focus on financial services.
- Buyers
- Communications Systems, Inc., JDL Technologies
- Targets
- IVDesk
- Sellers
- IVDesk
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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