Communications Systems Inc Acquires IVDesks Operating Assets
MINNETONKA, Minn.–(BUSINESS WIRE)–Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that its JDL Technologies subsidiary has acquired the operating assets of privately held IVDesk. The transaction was structured as an asset purchase under which JDL paid $950,000 cash at closing with up to an additional $550
,000 cash payment contingent on an earn-out tied to customer retention. Based in Minnetonka, Minnes
Date: 2020-11-04
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