Communications Systems (JCS) Acquires IVDesk's Operating Assets
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Communications Systems, Inc. Acquires IVDesk’s Operating Assets
November 4, 2020 4:05 PM ESTAcquisition is immediately accretive and provides predictable, recurring DaaS revenue
MINNETONKA, Minn.--(BUSINESS WIRE)-- Communications Systems, Inc. (NASDAQ: JCS) (CSI or the Company), an IoT intelligent edge products and services company, today announced that its JDL Technologies subsidiary has acquired the operating assets of privately held IVDesk. The transaction was structured as an asset purchase under which JDL paid $950,000 cash at closing with up to an additional $550,000 cash payment contingent on an earn-out tied to customer retention.
Based in Minnetonka, Minnesota, IVDesk provides time-tested, market-proven and easy-to-use... More
