November 4, 2010 – Acquired Sales Corp. announced a stock-for-stock merger deal with Cogility Software Corporation, which provides model-driven event processing software technology for private systems and the government intelligence community.
The deal is subject to closing conditions and the completion of a 1-for-20 reverse split of Acquired Sales’ common stock, that company stated in a news release.
With offices in California and Virginia, Cogility was founded in 2003 and has developed event processing software dealing with big data needs of Department of Defense clients, according to a news release. Cogility also owns 49 percent of the shares of common stock of software development and marketing firm Cortez Systems.
Acquired Sales is a publicly traded shell corporation controlled by its CEO Gerard Jacobs, who is also a director of Patient Home Monitoring Corp., a health care services company.
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