May 02—Colorado Springs-based root9B Holdings Inc. has sold its investigative due diligence operation for $6 million with a chance to earn another $4 million during the next three years if the operation meets certain targets.
The sale is part of the company’s strategy to sell holdings outside of its root9B LLC cybersecurity unit.
The sale of the operation, which is part of root9B Holdings’ IPSA International Services Inc., to Exiger Canada Inc. was completed Monday and includes stock in IPSA International’s Canadian subsidiary and IPSA’s offices in Miami, London and Hong Kong as well as all contracts and employees.
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