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M&A Deal Summary

SPYR Technologies Acquires GeoTraq

On May 31, 2022, SPYR Technologies acquired information technology company GeoTraq from ALT5 Sigma

Acquisition Highlights
  • This is SPYR Technologies’ 1st transaction in the Information Technology sector.
  • This is SPYR Technologies’ 3rd transaction in the United States.
  • This is SPYR Technologies’ 1st transaction in Nevada.

M&A Deal Summary
Date 2022-05-31
Target GeoTraq
Sector Information Technology
Buyer(s) SPYR Technologies
Sellers(s) ALT5 Sigma
Deal Type Divestiture

Target

GeoTraq

Las Vegas, Nevada, United States
GeoTraq is a technology provider established to manufacture and sell cellular transceiver modules and associated services specifically enabled by Cell-ID with all its inherent advantages over GPS and RFID to provide solutions for tracking, asset recovery, and location-based industries. GeoTraq was formed in 2005 and is based in Kirkland, Washington.

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Buyer(S) 1

Buyer

SPYR Technologies

The Woodlands, Texas, United States
Category Company
Founded 1988
Sector Digital Media
Employees3
Revenue 2M USD (2016)
DESCRIPTION

SPYR Technologies engaged in mobile application and game publishing and development. SPYR Technologies develops and resells Apple ecosystem compatible products. SPYR Technologies was founded in 1988 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Nevada M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Applied Magix

Los Angeles, California, United States

Applied MagiX, Inc. is a registered Apple developer, and reseller of Apple ecosystem compatible products with an emphasis on the growing multi-billion dollar smart home market, as its wholly-owned subsidiary. Applied MagiX was formed in 2020 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

ALT5 Sigma

Las Vegas, Minnesota, United States
Category Company
Founded 1976
Sector Environmental
Employees10
Revenue 13M USD (2024)
DESCRIPTION

ALT5 Sigma operates as a retailer and recycler of major household appliances. ALT5 Sigma was formed in 1976 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Nevada M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 ApplianceSmart

Marietta, Georgia, United States

ApplianceSmart is a 17-store chain specializing sales and service of new and out-of-the-box appliances. ApplianceSmart was founded in 1998 and is based in Marietta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Soin Neuroscience

Dayton, Ohio, United States

Soin Neuroscience is a pharmaceutical company that is developing treatments for various chronic medical diseases using an oral formulation of sodium nitrite. Soin Neuroscience is based in Dayton, Ohio.

Buy $13M
Mergr

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