AmbiCom and Voosh sign APA.
SANTA CRUZ, CA –(September 27, 2017) – AmbiCom Holdings, Inc. (OTCPS: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers, today announced that it has entered into a definitive asset purchase agreement with Voosh LLC, to join together and create a formidable technology driven company.
Pursuant to the purchase agreement, AmbiCom Holdings, Inc. will purchase Voosh’s sales and distribution company, along with assets that include the application code that performs Active Optimization, protected by Patent number US 8,438,378 B2.
The proposed transaction has been approved by the Board of Directors of each company, but remains subject to customary conditions and the absence of a material adverse effect. The transaction is expected to close within thirty days.
About AmbiCom Holdings, Inc.
AmbiCom Holdings Inc., headquartered in Santa Cruz, California, searches out, acquires and/or invests in unique technologies that have the potential for wide adoption in large markets. Ambicom looks for mature management teams that have a history of successfully converting new concepts into products.
Of particular interest are high margin products that have the ability to enhance user’s experience while generating a positive return on investment.
We are acutely aware of our responsibility to the investors that have placed their trust in our abilities to effectively manage the assets of Ambicom on their behalf.
For more information, visit www.ambicom.com.
About Voosh LLC
Voosh LLC markets and supports optimization software that is licensed from Ambicom Holdings Inc. This software improves the performance of servers and workstations through the automatic evaluation and adjustment of the manufacturers’ supplied settings. The Voosh application has been certified by Microsoft, IBM, VMware and Citrix in independent evaluations. It has also won the ‘Cool Vendor’ award from Gartner in the area of infrastructure tools. Voosh is located in Santa Cruz, CA.
For more information, visit www.vooshtech.com
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