Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) this morning announced that pursuant to the asset purchase agreement the company entered on November 30, 2017 with AB Embedded Systems Ltd., it has completed the acquisition of certain AB Embedded intellectual property assets, tangible assets, and intangible assets. The acquisition is comprised of a combination of hardware design and development tools which enables Carl Data to provide custom devices for its clients, as well as board prototyping and micro manufacturing equipment that permits the company to complete in-house product development. On November 30, the company issued AB Embedded 400,000 common shares at a price of $0.32 per share in connection with the acquisition. “The AB Acquisition is in line with Carl’s commitment to acquire complimentary companies and technology. In the case of AB, this acquisition will allow our company to be more turn key when implementing our solutions. Complimentary hardware and telemetry solutions will mean faster integration of our SaaS based applications for customers at a very competitive price point,” Carl Data CEO Greg Johnston stated in the news release.
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About Carl Data Solutions Inc.
Carl Data Solutions Inc. is focused on providing next generation information collection, storage and analytics solutions for data-centric companies. Building on its recent acquisitions, Carl helps its clients analyze and understand all forms of environmental data through a powerful platform of data collection, monitoring, analysis and reporting tools. Carl Data continues to develop applications to work with new cloud-based mass storage services and analytics tools (Big-Data-as-a-Service (BDaaS) to provide scalability for municipalities, utilities and other industrial verticals. These data collection and storage methods allow the company to build smart Software-as-a-Service (SaaS)-based applications that can collect data from many diverse sources and provide deep insight for decision-making purposes. For more information, visit the company’s website at www.CarlSolutions.com.
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