Sale of WorkiQ Trademarks
ActiveOps plc has agreed to sell its WorkiQ trademarks in the UK, US, Australia, and EU to Microsoft Corporation for USD$10 million (approximately £7.5 million) in cash. The company stated this sale will not impact its Decision Intelligence software suite, and the WorkiQ product will be rebranded. The proceeds will provide additional capital, with the Board considering its optimal utilization and planning to provide an update alongside the year-end results in early July.
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ActiveOps plc
("ActiveOps", the "Company" or the "Group")
Sale of WorkiQ Trademarks
ActiveOps plc (AIM: AOM), a leading provider of Decision Intelligence software for service operations, announces that it has agreed to sell to Microsoft Corporation the trademarks that it holds in the UK, US, Australia and EU to the WorkiQ name.
The consideration to be received by the Group for the sale of the WorkiQ trademarks is USD$10 million (approximately £7.5 million) in cash.
The Board considers that the sale of the WorkiQ trademarks has no impact on the ActiveOps Decision Intelligence software suite of products, and the WorkiQ product will be rebranded in due course.
The proceeds from the sale will provide the Group with additional capital, the Board is considering the best utilisation of this capital and will provide an update alongside the year end results announcement in early July.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.