Wordlogic sells rights to legal enterprise solutions to U.S. private equity firm
WordLogic Corp has received a financial commitment to purchase exclusive rights to its legal enterprise solutions for North America. The licensing will be to an unidentified U.S. private equity firm based in Virigina, the company said. The terms include a $1 million payment, 10 percent royalty on all sales and 15 percent annual software maintenance fee on all sales. Based in Vancouver, WordLogic develops, markets, licenses and sells advanced predictive platform software designed to accelerate information discovery and text input.
13 August 2014•2 mins read
