Melbourne, Australia (ABN Newswire) - Xped Limited (ASX:XPE) ("Xped" or "the Company") advises that the Company has now executed the transaction and completed the purchase of Jemsoft.

This transaction has proceeded on terms consistent with information provided previously to market on 11th May 2017. Xped has acquired 100% of Jemsoft Pty Ltd, and 51% of Media Intelligence Co.

The Company is excited to have finalised the Jemsoft acquisition and now looks forward to integrating their technology into Xped's Internet of Things Platform as well as exploring other market opportunities leveraging Jemsoft's technologies and IP.



About XPED Ltd:

XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's ADRC platform will bring benefit to Manufacturers, Retailers, Service Providers, and Consumers.

At Xped, we’re Making Technology Easy Again.



Source:

XPED Ltd



Contact:

For more information:
Contact Xped Limited
T: +61-3-9642-0655
F: +61-3-9642-5177
E: info@xped.com
www.xped.com 

Corporate Enquiries:
Cameron Low
T: +61-3-9225-5474
E: ir@xped.com