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Datametrex Continues to Target February Close for Shoptalk Acquisition
Wednesday 14 February 2018

14 February 2018 - Canadian Big Data company Datametrex AI Ltd. (TSX Venture: DM) (FSE: D4G) still plans to closed its proposed acquisition of US-based pharmacy technology provider Shoptalk Analytics Group Inc. in February, the company said.

This deal was announced on January. The binding LOI said an anticipated closing date on or about 5 February, subject to approval of the TSX Venture Exchange and certain conditions pursuant to the terms of the LOI.

Both parties say they remain committed to closing the transaction, targeting to close in February.

Shoptalk provides technology hardware and software to the US independent pharmacy market. The solutions capture vital real-time POS and other related data for key decision making by a number of healthcare providers.

The company has a key distribution agreement with McKesson Corp.

Datametrex AI offers Big Data, collecting data from retail point of sales environment.

It offers artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy.
Date Published: 14/02/2018
Target: Shoptalk Analytics Group
Country: USA
Sector: Pharmaceuticals
Type: Corporate acquisition
Status: Agreed
Buyer: Datametrex AI
Terms of the deal were not disclosed