NEW YORK — Dyadic Communication, Inc., a division of New Wave Technologies, Inc. (NYSE: DYAD), announced today that the combined company will acquire Dyadic communications, a leading provider of transactional communications services.
The combined company’s assets will include the Dyadic mobile and cloud-based platforms, Dyadic software and services, Dyad technology, Dyads digital marketing and digital business solutions, and Dyads infrastructure.
The transaction is subject to customary closing conditions, including a closing price of $25 per share, the closing price per share on March 9, 2018.
The acquisition is expected to close in early 2019.
Dyadic communications and its products and services are designed to provide customers with the flexibility to deploy, manage, and share information across a wide range of digital platforms, including smartphones, tablets, TVs, Internet-enabled computers, and cloud platforms.
Dyadic’s mobile platform is used by more than 80 million customers globally and over 200 million in the United States.
DYADS services include mobile apps, mobile websites, and mobile web apps.
For more information, visit dyadic.com.
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The transaction is expected, as the companies announced today, to result in approximately $1.8 billion in combined transaction value.DYAD’s mobile application platform will be integrated into New Wave platforms and the Dyads mobile apps.
New Wave and Dyadic will share technology that will enable the seamless integration of digital content, mobile services, and social media.
Dyads platform is being developed with partners at IBM, Google, Microsoft, Nokia, Samsung, and Vivo.
New York-based Dyadic also serves as a leading developer of software and cloud solutions for consumers, businesses, and governments.
For additional information, please visit dyad.com and dyadicnews.com