Apptix Sells Public Cloud Business
Apptix Sells Public Cloud Business
Apptix® (OSE: APP), the premier provider of managed
and hosted solutions, today announced it sold the
majority of its public cloud customers to
GoDaddy.com, LLC (NYSE: GDDY), the world's largest
technology provider dedicated to small businesses.
The transaction was completed for approximately USD
22.5 million in cash at closing, plus up to a
maximum of USD 16.0 million of additional earn out
consideration, of which the Company expects to
achieve up to 50%.
For further details, please see attached full
announcement.