NexTech AR Solutions Acquires Jolokia
March 16, 2020
NexTech AR Solutions signed a binding LOI to acquire Jolokia, a remote video training, live-streaming and virtual events SaaS platform (the Inferno platform). The all-stock deal includes an initial 1 million restricted shares and an earn‑out of up to 4 million additional restricted shares tied to revenue milestones; Jolokia generated approximately $1.0M in SaaS revenue in 2019 and serves enterprise customers including Merck, Toyota, CBS and Polycom.
- Buyers
- NexTech AR Solutions Corp.
- Targets
- Jolokia
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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