Kloudgaze, Inc. Announces Acquisition Of Assets, Could Be Minnesota's Billion Dollar Tech Unicorn
Jan 18, 2021
Minneapolis, Minnesota Jan 17, 2021 (Issuewire.com) - Minnesota based early-stage software startup, KloudGaze Inc. has finalized an asset purchase agreement with publicly listed Life on Earth Inc., with the stock ticker, LFER in an all-stock deal.
KloudGaze has been founded by Aditya Sharma, who owns 90% of the company. The remaining 10% is employee-owned. KloudGaze is Aditya's second software company. His first company, Crosscode was the subject of a hostile takeover which led to the birth of KloudGaze. Explaining the rationale of the merger, Aditya says "The pandemic has taught founders to think outside the box to meet their capital requirements for growth. We chose to merge with a publicly listed company so we could be trading on day one of our mergers and have access to the capital markets to meet our aggressive growth plans."
With the merger, KloudGaze will be the largest shareholder of all of LFER stock and Life on Earth will exit all existing businesses to become too pure a technology company offering its innovative and industry's only "Code Level Dependency Mapping Capabilities" that helps companies reduce application development costs by up to 50%, ensures compliance at application code levels to key frameworks like GDPR and more.
Towards the larger investment strategy, Aditya adds "The new company has already opened a Preferred Series C investment round to its accredited investors which will get closed in about 15 days. The company will then be issuing a Reg A public offering within the first half of 2021 to fuel its growth Organically as well as via acquisitions."
Aditya further adds, "With this agreement, we will be putting a new leadership team in place to make KloudGaze a global company in very short order. We have an aggressive roadmap to make additional acquisitions in the technology space that will result in KloudGaze becoming a Billion-dollar company very soon. You should see KloudGaze making an acquisition in the technology space, very soon." KloudGaze will be headquartered in Minnesota and will add 50+, 6-figure jobs in the state in very short order.
As Aditya rightly puts it "Who says you've got to be in the Silicon Valley to create the NEXT BIG ENTERPRISE SOFTWARE"
LFER stock has increased by over 400% since the signing of the MoU.
About KloudGaze, Inc.
KloudGaze, Inc. is a Minnesota based mission-critical enterprise software provider enabling rapid innovation and keeping the operations safe, compliant, and manageable. It was founded by Aditya Sharma who conceived the flagship product to help organizations innovate and modernize legacy systems while minimizing the cost and risk of business disruptions.
For more information, please visit www.kloudgaze.com
Media Contact
Aditya Sharma
Source :Kloudgaze Inc
This article was originally published by IssueWire. Read the original article here.
More News
How the Shaw Prize in Computer Science has been created
Since the Shaw Prize was first presented in 2004, the prestigious annual awards have been presented in three categories: astronomy, life science and medicine, and mathematical sciences. A fourth category – computer science – was announced earlier this year in a move that is fully in keeping with the original vision of Run Run Shaw, the late Hong Kong film mogul and legendary philanthropist, who set everything in motion. His intention was to recognise the quest for knowledge and honour...
“I WILL NEVER SET FOOT IN THAT TOWN AGAIN”: 76 Places Around The World People Recommend You Never, Ever, Ever Visit
"Overall, it was a really strange place, in a way that makes the pit of your stomach tense up, and makes you want to run away." View Entire Post ›
Style Edit: 45R’s new knits spotlight texture and Japanese craftsmanship
The appeal of a good knit is often immediate, from the softness against the skin to the reassuring volume and warmth. At 45R, those qualities begin well before a garment takes shape. The Japanese label’s latest selection puts the making process in focus, bringing together airy merino, characterful Shetland wool and the flecked textures of Donegal tweed. Founded in Tokyo in 1977, 45R approaches clothing through monozukuri, or the “art of making”, a philosophy centred on respect for craft and...
If You Love Everything About Traveling Except The Actual Travel Part, Check Out These 28 Things
Sitting in a plane for hours isn't so bad when you're kicking your feet up on this inflatable foot rest. View Entire Post ›
Suit linings: the link between the NFL draft and London’s Savile Row
Back in April, suit jackets lined with interesting graphics and prints emerged as one of the more unusual fashion trends at the 2026 NFL draft in Pittsburgh, Pennsylvania, the annual event where professional American football teams pick out the best young players looking to enter the league. Colton Hood, then a Tennessee cornerback, now on the New York Giants’ roster, rocked up in a cobalt-blue jacket that, when opened, revealed a swathe of family photographs across the lining, chronicling his...
"Yes, It Is Weird As F*ck": 29 Americans Are Sharing What "Reverse Culture Shocks": They Faced After Moving Back Home From Abroad, And It Just Shows How The US Is Not The Best
"Something I didn't miss when I was abroad was the tipping culture in the United States. Here, tipping is expected everywhere for everything." View Entire Post ›
O3’s Luca Yang hated studying. So he built 24/7 study cafes to motivate people like him
At 22, Luca Yang was running a small teaching company in New Zealand after quitting a six-figure finance job that he hated. It had humble beginnings, where he tutored English online for A$25 (US$17.55) per hour just to get by. When one of his students got into Oxford, word spread: one student became 50, then 500. By most measures, he had already won the start-up lottery. “It was producing a lot of money, but it wasn’t something I actually loved doing,” says Yang, who was born and raised in...
Meet Barbera Thornhill, Trump’s anti-trafficking ambassador, going viral for her ‘Maga face’
After Katie Zacharia was sacked as the White House press secretary amid questions about her legal qualifications, another newly appointed Trump official is going viral. Barbera Thornhill is US President Donald Trump’s new Ambassador-at-Large to Monitor and Combat Trafficking in Persons. State Department official Riley Barnes shared the 78-year-old’s portrait on X to celebrate her appointment, but the post gained traction for all the wrong reasons. Social media users tore into Thornhill’s...
This Manchester Hotel Has A Whimsical, Storybook-Like Suite That Made Me Feel Like A Kid Again
...The restaurant Sister Moon is another story. View Entire Post ›
28 Travel Products That Are Worth The Extra Space If You’re Traveling With Kiddos
Because keeping your kids happy is over half the vacay battle, and YOU CAME TO WIN with these finds on your side. View Entire Post ›
46 Travel Products That Just Make Sense To Buy If You’re Going On Multiple Trips Before The Year Ends
Whether you're traveling near or far or in between, you definitely need this foldable 3-in-1 charger and these holy grail travel pants as your copilots. View Entire Post ›
I Spent 5 Days In One Of America's Most Overlooked Places, And I Think I Found My New Favorite Place On Earth
If you know, you really know. View Entire Post ›
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.