The Pulse Network, Inc. acquired iSoft International Inc. in a reverse merger transaction.
March 29, 2013 at 09:30 am IST
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The Pulse Network, Inc. acquired iSoft International Inc. in a reverse merger transaction on March 29, 2013. Under the terms of the transaction, The Pulse will acquire 75 million shares of iSoft International common stock, 1,000 shares of series A preferred stock and 15 million shares of series B preferred stock. Stephen Saber, Nicholas Saber and John Saber will own 37.5 %, 26.6 % and 26.6 % of Soft common stock respectively. Post acquisition, the business of The Pulse Network will become the principal business of iSoft International. Also, Stephen Saber will be appointed as Chief Executive Officer and Chairman of the Board of Directors, Nicholas Saber will be appointed as President, Secretary, Treasurer and Director and John Saber will be appointed as Chief Information Officer and Director.
The transaction is subject to appointment of Stephen J. Saber, Nicholas C. Saber and John N. Saber as Directors of iSoft and filing of Articles of Share Exchange with The Commonwealth of Massachusetts. The transaction was approved under federal and state securities laws.
The Pulse Network, Inc. completed the acquisition of iSoft International Inc. in a reverse merger transaction on March 29, 2013.
The Pulse Network, Inc. (The Pulse Network) provides a cloud-based platform focused on content marketing and event solutions. The Company also produces its own branded content programs, including online video productions. The Company offers engage solutions, which include multi-channel lead capture, Webpage builder, newsletter builder, live event producer and e-commerce solutions. It offers ICTG Platform for software marketing tools, including simulated live webinars. The Company offers The Pulse Network (TPNI), which is an integrated campaign and event platform that helps business-to-business (B2B) organizations, business-to-consumer (B2C) organization, and associations to drive awareness, customer acquisition and loyalty across digital and face-to-face channels. It offers the Pulse Network Platform for management and support of client events or conferences. It provides ongoing development and support for client content and digital marketing programs.