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|IGAMBIT Announces Acquisition of ArcMail
|Posted: Tue Nov 10, 2015 03:44:49 PM
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SMITHTOWN, NY., November 10, 2015 Marketwire/-- iGambit Inc. (OTCQB: IGMB), a diversified holding company, announced that on November 4, 2015 it acquired Wala, Inc doing business as ArcMail Technology (Arcmail) via a stock purchase agreement. ArcMail will operate as a wholly-owned subsidiary of iGambit.
A copy of the Form 8-K report may be accessed at www.sec.gov.
Rory Welch, CEO of ArcMail, states, "ArcMail is very excited about becoming an iGambit company. Their exceptional leadership, core values of integrity and service to others and strong record of collaboration are a perfect fit for our corporate mission and vision. This partnership will allow us to continue to grow and advance our technology services."
John Salerno, Chairman and CEO of iGambit, said, "We have known and worked with ArcMail for several years to consummate this acquisition. We believe that both companies will benefit from ownership in the iGambit holding company model. A model that offers significant growth potential. I am pleased to report that we have found a terrific opportunity for iGambit, ArcMail and our stakeholders in this combination. We look forward to having a close and rewarding relationship with Rory Welch and the ArcMail team as they seek to continue on their mission."