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artificial intelligence investing

mCloud Completes Acquisition of CSA

Written by Danielle Edwards
|
Jan. 27, 2020 05:35AM PST

mCloud Technologies has closed its previously announced acquisition of Georgia-based 3D technology company Construction Systems Associates.

mCloud Technologies (TSXV:MCLD,OTCQB:MCLDF) has closed its previously announced acquisition of Georgia-based 3D technology company Construction Systems Associates (CSA).

As quoted in the press release.

Through the added capabilities provided by CSA, the Company also announced today that it plans to complete its first 3D Digital Twin engagements with customers in three regions before the end of Q2 2020.

“The demand for our 3D Digital Twin capabilities has been strong and swift,” said Costantino Lanza, mCloud’s Chief Growth and Revenue Officer. “We expect the acquisition of CSA will expedite the upcoming delivery of new 3D capabilities to customers in North America, the Middle East, and Southeast Asia throughout 2020 and beyond.”

Click here to read the full press release.

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