- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Kellton Tech Solutions Inc. has completed the acquisition of Xitij Corporation, a Microsoft partner specializing in AI, cloud computing, and data analytics. This strategic move aligns with Kellton's goal of expanding its presence within the Microsoft ecosystem, enhancing its growth potential in the digital landscape. The acquisition involves an 80% stake at a cash consideration of US$ 350,000. Xitij, founded in March 2008, reported no revenue over the past three years, indicating its focus on growth through strategic partnerships rather than current financial performance. Kellton's continuing expansion in relevant tech sectors could present a positive outlook for stakeholders as it positions itself for long-term success amid evolving industry demands.