FISION and Continuity Logic announce merger agreement
- Published: Friday, 17 August 2018 09:22
FISION Corporation, a sales enablement platform, has announced that it has entered into a definitive merger agreement under which it will combine with Continuity Logic, L.L.C., a provider of integrated business continuity and risk management software.
Under the terms of the agreement, Continuity Logic will merge into a wholly owned subsidiary of FISION, thereby becoming a wholly owned subsidiary of FISION, with the equity holders of Continuity Logic receiving shares of FISION common stock in exchange for their membership interest units in Continuity Logic.
In addition to completion of due diligence by each of FISION and Continuity Logic of the other party and customary closing conditions, the merger is conditioned upon the completion of a private equity offering to provide growth capital. The merger is expected to close before the end of the third quarter.