leadf
logo-loader
viewPhunware Inc
(
NASDAQ:PHUN
)

Phunware to buy computer company Lyte Technology to bolster its blockchain initiatives

Phunware Inc (NASDAQ:PHUN) (NASDAQ:PHUN) CEO Alan Knitowski joined Proactive to discuss the tech group's intent to acquire acquire Lyte Technology for up to $10.32 million, with $3.32 million cash at closing and the remaining $7 million tied to both time and financial performance requirements for one year post-closing.

Knitowski explains why the group took interest in Lyte Technology, a profitable, rapidly growing computer company that specializes in marketing and distributing custom, high-end computer systems off-the-shelf with advanced graphic processing units for gaming, streaming, and cryptocurrency mining.

Quick facts: Phunware Inc

Follow
NASDAQ:PHUN

Price: 0.99 USD

Market Cap: $74.47 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Phunware collaborates with Cox Communications to bring its smart hospital...

Phunware, Inc's Randall Crowder and Cox Communications's George Valentine joined Proactive to discuss the company's collaboration to bring Phunware's Digital Front Door to Cox Business healthcare customers. Crowder and Valentine say Phunware’s Digital Front Door solution is incorporated into...

3 weeks, 4 days ago

2 min read