LX Ventures to acquire U.S. cloud manager Copper.io
LX Ventures (TSX Venture: LXV) has agreed to purchase Las Vegas, Nevada-based Copper.io Inc, a provider of tools and support that help deploy, operate and monitor cloud-based apps. The acquisition's financial terms combine cash payments of approximately $2 million and share issues by LX Ventures, part of which is subject to Copper.io achieving specific revenue milestones. The transaction is expected to close in February. Based in Vancouver, LX Ventures is an accelerator that acquires, integrates and accelerates high-growth technology companies.
24 January 2014•3 mins read
