VMF Softech to acquire IGLILY Inc

VMF Softech has signed a stock purchase agreement with IGLILY Inc to acquire 100% stake of the latter.

IGLILY Inc is a profit making company based out of Virginia, USA. The company is in the business of software services and solutions, and has client base in various states in the US.

The total consideration for the acquisition is $1.95 million. IGLILY’s current yearly revenue is above $5 million.

The acquisition is in line with the company’s strategy to grow multifold through a combination of organic and inorganic growth.