RADCOM Ltd. (NasdaqCM:RDCM) entered into a definitive agreement to acquire technology, intellectual property and customer agreements from Continual Ltd (TASE:CNTL) for approximately $2.5 million on February 19, 2023. The consideration will be paid in cash. Upon completion, Continual employees and technology will become part of RADCOM. The transaction is pending the satisfaction of customary and transaction-specific closing conditions and regulatory approvals. The transaction is expected to close within three months after the signing of the definitive agreements. RADCOM expect revenue from Continual in 2023 to be less than 5% of their total annual revenue.

RADCOM Ltd. (NasdaqCM:RDCM) completed the acquisition of technology, intellectual property and customer agreements from Continual Ltd (TASE:CNTL) on May 1, 2023.