Slyce to acquire mobile app agency Drivetrain

Slyce Inc (TSX-V: SLC), a venture-backed Canadian startup that went public in July, has agreed to acquire U.S.-based Drivetrain Agency LLC. Consideration for the deal, which totals US$3.45 million, includes a common shares issue by Slyce, cash and deferred cash payments. Based in Minneapolis, Minnesota, Drivetrain builds mobile, social and web apps for corporate clients. Upon the acquisition's closing, Drivetrain founder and CEO Daniel Grigsby will join Slyce as its chief technology officer.

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