Panoply acquires digital solutions provider GreenShoot Labs

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 07:59

Technology services company The Panoply Holdings said it had acquired AI-based enterprise digital solutions provider GreenShoot Labs.

The acquisition terms included no initial consideration and additional payments contingent on GreenShoot achieving positive operating earnings, which were not disclosed.

'In the period following completion a de minimis cash amount will be payable to the sellers of GreenShoot Labs equivalent to the value of the current net assets of GreenShoot Labs acquired at completion,' Panoply said.

The acquisition marked the company's entry into the growing applied AI and conversational interfaces market, it added.

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