New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 10, 2014
08:25 EDTEVOL, EVOL, EVOL, EVOLEvolving Systems management to meet with Needham
Meetings to be held in the Mid-Atlantic area on April 15 and in Detroit/St. Louis on April 16 hosted by Needham.
News For EVOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 1, 2015
06:58 EDTEVOLEvolving Systems to host conference call
Subscribe for More Information
September 30, 2015
16:13 EDTEVOLEvolving Systems acquires Sixth Sense Media for $10M
Evolving Systems has acquired for cash privately held Sixth Sense Media, a provider of real-time analytics and marketing solutions to global wireless carriers. RateIntegration, Inc., d/b/a/ Sixth Sense Media, based in Durham, North Carolina, is a software technology company, serving more than 15 carriers around the world. Sixth Sense Media's sales are expected to add approximately 20% to Evolving Systems' 2016 revenue. Evolving Systems will pay $10.0M for Sixth Sense Media in two payments - approximately $9.75M in cash at closing, plus customary working capital adjustments, and a second cash payment of $250K on the one-year anniversary of the closing of the transaction. The transaction is being financed with the company's $10.0M revolving line of credit with East West Bank. The combined company will have more than 75 customers in 50 countries.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use