Company
CNSX:XIGM
Established in Toronto, Ontario, Xigem Technologies Corporation (CSE:XIGM) is positioned to become a leading SaaS technology platform for the emerging remote economy, with software capable of improving the capacity, productivity, and overall remote operations for businesses, consumers and other organizations. “iAgent,” the Company’s patented technology will provide organizations, businesses and consumers with the tools necessary to thrive in a vast array of remote working, learning and treatment environments.
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Xigem co-founder and CEO Brian Kalish said: “We are very pleased to have executed the definitive asset purchase agreement as we near the completion of this vital acquisition.”
As reported in November, Xigem, on October 29, 2021, inked a binding letter of intent (LOI) to acquire the assets of Cylix Data in an all-stock deal valued at around C$32.4 million
The Toronto-based company’s technology platform, iAgent, provides organizations, businesses and consumers with the tools necessary to support remote working, learning and treatment environments
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Its fundamental strategy is to aggregate a portfolio of innovative and disruptive technologies to help organizations thrive in today's remote economy
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Cylix has generated average annual revenues in excess of C$1.7 million and EBITDA of over C$800,000
FOOi merchants will be able to use cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for their business, in addition to traditional or fiat currencies such as US dollars
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The company said iDealer extends and complements its growing portfolio of SaaS platforms for the remote economy with an entry into the trillion-dollar automotive dealer market
During the quarter, the company began advancing its core technology platform, acquiring complementary intellectual property, and entering new industry verticals
Xigem is a software-as-a-service (SaaS) technology company focused on its patented iAgent offering
Brian Kalish, co-founder and CEO of Xigem in a statement. "Similar to what Xigem is aiming to achieve, Wealthsimple is a great example of a company that has used technology to disrupt traditional business models and enable people to complet
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The company's co-founder and CEO Brian Kalish said: "We believe that trading on the OTCQB can lead to overall enhanced liquidity and visibility in global capital markets"
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The purchase adds a key component to Xigem’s iAgent platform technology and its portfolio of remote economy technologies
Through the planned acquisition Xigem enters the hospitality vertical and adds important functionality for the remote economy
As more and more employees choose to work from home on a regular basis post-coronavirus pandemic, the remote economy will become built around virtual connections
CEO Brian Kalish said an OTCQB listing would lead to increased liquidity and visibility among US and global traders
