Calnex Solutions has announced the acquisition of iTrinegy, a provider of SDN network emulation and application testing technology headquartered in Stevenage and with a presence in Reno, Nevada. Initial consideration of £2.5m in cash will be paid with up to £1m additional consideration in shares depending on targets being met by FY24. iTrinegy's NE-ONE hardware and software platforms enable organisations, especially across the technology, financial, gaming and military/government sectors, to acc ....

12 Apr 2022
Cenkos: Calnex Solutions plc -- Acquisition and continued strong trading


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Cenkos: Calnex Solutions plc -- Acquisition and continued strong trading
Calnex Solutions Plc (CLX:LON) | 158 -3.2 (-1.6%) | Mkt Cap: 138.3m
- Published:
12 Apr 2022 -
Author:
Ian McInally -
Pages:
10 -
Calnex Solutions has announced the acquisition of iTrinegy, a provider of SDN network emulation and application testing technology headquartered in Stevenage and with a presence in Reno, Nevada. Initial consideration of £2.5m in cash will be paid with up to £1m additional consideration in shares depending on targets being met by FY24. iTrinegy's NE-ONE hardware and software platforms enable organisations, especially across the technology, financial, gaming and military/government sectors, to acc ....