Business
Sylogist Completes Acquisition of Epic Data International Inc.
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About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE\n SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\n\nCALGARY AND VANCOUVER, July 2, 2013 /CNW/ - Sylogist Ltd. (TSXV:SYZ)\n (\"Sylogist\") is pleased to announce the completion on July 1, 2013 of\n the acquisition of all the common shares of Epic Data International\n Inc. (previously TSXV:EKD) (\"Epic Data\").  The transaction, which was\n completed through a court approved plan of arrangement (the\n \"Transaction\") under the Business Corporations Act (British Columbia), was previously announced on May 8, 2013.\n\n\n\"In Epic Data, we have acquired a very well-recognized software\n development, hardware design and support organization. Over the past\n three decades Epic Data has established an enviable customer base with\n expertise in the enterprise application software field, in particular\n with its manufacturing execution systems, data collection platform\n software and warehouse management application software.  In addition,\n Epic Data's revolutionary rugged tablet, UniView, fills a large market\n gap in the industrial mobile and shop floor application space,\" stated\n Jim Wilson, Sylogist's President and CEO.  \"This acquisition is highly\n strategic and synergistic for Sylogist, giving us expanding operations\n in Canada, the United States and Europe. The addition of Epic Data's\n technology platforms, 17 experienced employees, Fortune 500 customer\n base, recurring revenue and approximately $40 million in tax pools to\n our own business provides a strong cash flow growth vector. We welcome\n to Sylogist the former Epic Data staff who are joining us in Richmond,\n B.C., Fort Worth, Texas and Newbury in the United Kingdom.\"\n\n\nAbout Sylogist\n\n\nSylogist is a technology innovation company which, through strategic\n acquisitions, investments and operations management, provides\n enterprise application software to public and private sector customers.\n\n\nThe Company's stock is traded on the TSX Venture Exchange under the\n symbol SYZ. Information about Sylogist can be found at http://www.sylogist.com.\n\n\nAbout Epic Data International Inc.\n\n\nEpic Data International Inc., which amalgamated with Sylogist on July 1,\n 2013, has produced manufacturing execution and warehouse management\n solutions for nearly 40 years.&#x...