Monday, December 8, 2008

INX Completes VocalMash Buy

Houston-based INX Inc. announced Monday that it has completed its acquisition of VocalMash. INX said the deal, which closed on Thursday, was structured as an asset purchase of VocalMash's operations. According to INX, it tendered 60,000 shares of common stock in exchange for VocalMash's application integration technologies. INX's stock opened Monday at $4.85 per share on the NASDAQ market. INX added that it could make up to $380,000 in contingent payments if certain performance criteria were met over the next year. INX provides unified communications and data center virtualization solutions for the enterprise.