Heartcore Announces Definitive Agreement To Acquire 51% Of Leading Digital It Solutions Provider Sigmaways
Acquiring Company
HeartCore Enterprises
Acquired Company
51
JapanInformation TechnologyProfessional ServicesSoftwareSaasEnterprise SoftwareAnalyticsinformation technology & servicesDescription
HeartCore Enterprises, Inc., (“HeartCore” or the “Company”), a leading software development company, has signed a definitive agreement to acquire a 51% majority stake in privately-held Sigmaways, Inc. (“Sigmaways”), a software engineering service provider delivering IT solutions. Under the terms of the agreement, HeartCore is expected to acquire 51% of Sigmaways in a cash and stock transaction. The transaction is subject to customary closing conditions, including completion of a due diligence review by HeartCore. The agreement has been unanimously approved by the Board of Directors of both companies. Upon closing, the senior management team of Sigmaways will enter into long-term Employment Agreements and take an active leadership role in the combined business. Prakash Sadasivam, founder of Sigmaways, will join HeartCore’s Board of Directors following closing.
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Who acquired 51?
51 was acquired by HeartCore Enterprises, based in Japan. The deal was reported on September 8, 2022. Headquartered in Tokyo, Japan, HeartCore Enterprises, Inc. is a leading software development company offering Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. HeartCore Enterprises is publicly traded (HTCR) and operates in Information Technology.
When did HeartCore Enterprises acquire 51?
HeartCore Enterprises's acquisition of 51 was reported on September 8, 2022. HeartCore Enterprises, Inc., (“HeartCore” or the “Company”), a leading software development company, has signed a definitive agreement to acquire a 51% majority stake in privately-held Sigmaways, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 51 do?
51 is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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