Deal Snapshot
ROOT9B HOLDINGS SELLS IPSA´S INVESTIGATIVE DUE DILIGENCE PRACTICE
Wednesday 03 May 2017

US-based cybersecurity and regulatory risk mitigation services provider root9B Holdings, Inc. (NASDAQ: RTNB) has sold the Investigative Due Diligence Practice of its wholly-owned subsidiary IPSA International Services, Inc. to Exiger Canada, Inc., the company said.
The company sold the business for total consideration of USD 6m and up to an additional USD 4m by way of a three-year earn-out based on the achievement by IDDP of certain performance targets. Proceeds will be reduced by a Working Capital Adjustment, currently estimated to be in excess of USD 1.0m.


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Details
Date Published: 03/05/2017
Target: IPSA International Services/Due Diligence Practice
Country: USA
Deal Size: 6m (USD)
Sector: Computer Software
Type: Divestment
Financing: Cash
Status: Closed
Vendor: root9B Holdings
Buyer: Exiger Canada, Inc
Comment:


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