Code Rebel Corp. (NASDAQ: CDRB), a Kahului, HI-based enterprise software development firm, is to acquire the outstanding membership interests of ThinOps Resources LLC, for a combination of cash and stock valued at $9.25 million.
The acquisition is subject to customary closing conditions and is expected to close by July 31, 2015.
By acquiring ThinOps Resources, Code Rebel will add to its in-house sales and project support team and expand its distribution channels domestically and globally.
Based in Houston, Texas, and led by Tom Moreno, President, ThinOps Resources provides management and technology consulting services to a variety of organizations from academic institutions and healthcare organizations to Fortune 500 companies located around the country and abroad. The company had revenue of over $2 million in 2015.
Led by Arben Kryeziu, CEO, Code Rebel is an enterprise software company that develops, licenses, and supports software designed for cross-platform enterprise security and productivity. The proprietary Code Rebel iRAPP software addresses the requirement of corporate IT departments for secure interoperability between mobile, desktop, and server environments and interaction between Apple and Microsoft devices and software.