Intouch Insight Ltd. (TSXV:INX) entered into a definitive agreement to acquire PerformaLogics Inc. and MobilForce for CAD 1.8 million on January 21, 2020. Of the total consideration, CAD 0.75 million is payable at closing and then up to CAD 1 million is payable over the next three years based on achievement of revenue targets. Intouch expects to finance the acquisition from its cash resources. The Acquisition Companies have calendar 2019 annual recurring revenues of CAD 2.05 million. The transaction is subject to TSX Venture Exchange acceptance and is expected to close on February 1, 2020. The transaction is expected to be immediately accretive given the Acquisition Companies' current financial position.