Hoylu is pleased to announce today the acquisition of Creative Minds Consulting, LLC, a newly established Seattle-based company that provides next-generation IoT and Connective Techologies to companies around the world. Creative Minds Consulting are experts in the area of connected technologies and IoT, focusing on bringing digital transformation to the Enterprise, particularly within Education, Hospitality, Automotive and Retail verticals. Hoylu will pay for the acquisition by issuing 400,000 new shares. The founders and management team of Creative Minds Consulting will join Hoylu in March 2017.
"With decades of experience building transformative products and strong relationships with many of the largest companies in the world, we are excited to become a part of Hoylu in order to expand upon their mission of immersive, high-quality collaboration. Hoylu's vision is perfectly aligned to the rapidly changing marketplace, where IoT experiences are more critical and complex than ever before to keeping an audience connected and engaged", says Travis Beaven, who will take on the role as Chief Product Officer at Hoylu.
"We are extremely pleased to announce the completed acquisition of Creative Minds Consulting and the appointment of Travis Beavon, Chief Product Officer and Neil Fishman, Chief Engineer to lead a team of 5 senior software developers in Seattle. Their excitement to join Hoylu validates our vision and strategy and their experience in developing cloud based IoT solutions for some of the world`s largest companies gives us the ability to execute on large enterprise projects", says Stein Revelsby, CEO at Hoylu.
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For more information, please contact
Stein Revelsby, CEO at Hoylu
Mobile: +46 (0) 76 008 7330 \+1 213 440 2499
Email: sr@hoylu.com
Karl Wiersholm, CFO at Hoylu
Mobile: +1 425 829 2316
Email: kw@hoylu.com
About Hoylu
Hoylu delivers solutions for presentation, ideation and collaboration that focus on enhancing the user experience. The company's main area of interest is software for Creative Collaboration, combined with intuitive input and display technologies. This includes technologies for remote collaboration, Internet of Things and for connecting workspaces in different locations together, with the objective of simplifying work processes while improving productivity and creativity. For more information: www.hoylu.com or visit www.introduce.se/foretag/hoylu
Publication
This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at [8:30] CET on March 9th 2017.