Quindell enters North America through acquisition
Quindell Portfolio has entered the North American insurance market through its acquisition of software as a service-based provider Iter8 in a deal worth £20.8m.
The terms of the acquisition were met by the immediate payment of £2.5m in cash, a further payment of cash of £2.5m in April 2014 and the issue over a three year period of 90 285 713 Quindell shares
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