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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