Blockchain technology-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its entry into a letter of intent to acquire 20 percent of Multapplied Networks Inc. (“MNI”), an enterprise software defined wide area networking (SD-WAN) company. Per the update, the acquisition is expected to be completed in exchange for cash and other considerations to be determined upon execution of a definitive agreement. “This acquisition exemplifies Victory Square’s mandate to continue investing in companies with game-changing potential that are redefining the industries in which they operate,” Shafin Diamond, CEO of Victory Square, stated in the news release. As operator of the only white-label platform designed exclusively to enable service providers to easily deploy SD-WAN solutions for their customers, MNI’s revenue is currently on track to exceed $1.2 million in 2017. The company is projecting revenue in excess of C$3 million in 2018.
To view the full press release, visit http://dtn.fm/x82wV
About Victory Square Technologies Inc.
Victory Square is a venture builder that creates, funds and empowers entrepreneurs predominantly focused on Blockchain Technology, Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. As a technology incubator, Victory Square invests in game-changing entrepreneurs who are provided access to education programs, global mentorship networks, distribution partners, creative workspaces, resources and other forms of operational support to help them scale internationally. For more information, visit the company’s website at www.victorysquare.com
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