- Vislink Technologies Inc (NASDAQ:VISL) has acquired Mobile Viewpoint for $18.3 million (€15.5 million). Triple IT Corporate B.V. subsidiary Mobile Viewpoint is a mobile live streaming solutions provider.
- The purchase price includes a €14.8 million stock purchase agreement and €0.7 million in intercompany debt.
- The acquisition will offer solutions that combine with Vislink’s existing solution set to realize its Connected Edge video transport concept of utilizing ubiquitous IP networks and cloud-scale compute across 5G, WiFi6, Mesh, and COFDM-enabled networks.
- Vislink held $60 million in cash and equivalents as of March 31.
- Price Action: VISL shares traded higher by 2.55% at $2.05 on the last check Monday.
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